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Which of the Following Is the Equivalent of $300 Received

Question 102

Multiple Choice

Which of the following is the equivalent of $300 received today?


A) $795.99 to be received 20 years in the future assuming a 5 percent annual interest rate.
B) $100 to be received two years from now and $200 three years from now.
C) $300 compounded at 10 percent for one year.
D) All of these are the equivalent of $300 received today.

Correct Answer:

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