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    Exam 18: Markets for Factors of Production
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    If the Interest Rate Is 20 Percent, the Present Value
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If the Interest Rate Is 20 Percent, the Present Value

Question 92

Question 92

Multiple Choice

If the interest rate is 20 percent, the present value of $10,000 to be received 20 years from today is about


A) $6,944.
B) $14,400.
C) $383,376.
D) $261.

Correct Answer:

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