Solved

Barber Company Will Receive $900,000 in 7 Years

Question 103

Multiple Choice

Barber Company will receive $900,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $900,000 receipt is

A) $459,000.
B) $461,844.
C) $1,359,000.
D) $1,753,848.

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