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    Exam 29: Rent, interest, and Profit
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    The Present Value of a Dollar Received One Year from Now,given
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The Present Value of a Dollar Received One Year from Now,given

Question 74

Question 74

Multiple Choice

The present value of a dollar received one year from now,given a current interest rate of 10%,is about


A) $.90.
B) $.91.
C) $1.00.
D) $1.09.
E) $1.10.

Correct Answer:

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