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    Exam 8: The Basic Tools of Finance
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    You Are Going to Receive a R100 000 Inheritance in Ten
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You Are Going to Receive a R100 000 Inheritance in Ten

Question 21

Question 21

True/False

You are going to receive a R100 000 inheritance in ten years.If the prevailing interest rate is 6 percent, the present value of your inheritance is R55 839.48.

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