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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 26: Time Value of Money B
  5. Question
    The Present Value Factor for Determining the Present Value of $6,300
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The Present Value Factor for Determining the Present Value of $6,300

Question 1

Question 1

True/False

The present value factor for determining the present value of $6,300 to be received three
years from today at 10% interest compounded semiannually is 0.7462.

Correct Answer:

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