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    Exam 18: Markets for Factors of Production
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    If the Interest Rate Is 4 Percent, the Present Value
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If the Interest Rate Is 4 Percent, the Present Value

Question 70

Question 70

Multiple Choice

If the interest rate is 4 percent, the present value of $10,000 to be received one year from today is about


A) $9,246.
B) $9,615.
C) $10,816.
D) $10,400.

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