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    Managerial Accounting Study Set 5
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    Exam 29: The Concept of Present Value
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    (Ignore Income Taxes in This Problem
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(Ignore Income Taxes in This Problem

Question 13

Question 13

Multiple Choice

(Ignore income taxes in this problem.) At an interest rate of 14%,approximately how much would you need to invest today if you wanted to have $2,000,000 in 10 years?


A) $383,436
B) $540,000
C) $740,741
D) $1,043,200

Correct Answer:

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