Solved

Barber Company Will Receive $500,000 in 7 Years

Question 118

Multiple Choice

Barber Company will receive $500,000 in 7 years.If the appropriate interest rate is 10%, the present value of the $500,000 receipt is

A) $255,000.
B) $256,580.
C) $755,000.
D) $974,360.

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