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    Exam 8: Mathematics of Finance: An Introduction to Basic Concepts and Calculations
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    What Is the Present Value of $1 Million Payable in 90
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What Is the Present Value of $1 Million Payable in 90

Question 53

Question 53

Multiple Choice

What is the present value of $1 million payable in 90 days at 8.00% per annum simple interest?


A) $835 240.27
B) $974 372.66
C) $980 655.56
D) $1 002 747.25

Correct Answer:

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