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    Exam 29: Rent, interest, and Profit
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    The Present Value of $1 Received 1 Year from Now,given
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The Present Value of $1 Received 1 Year from Now,given

Question 161

Question 161

Multiple Choice

The present value of $1 received 1 year from now,given the current interest rate of 7%,is about


A) $.90.
B) $.91.
C) $.93.
D) $1.00
E) $1.07

Correct Answer:

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