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Consider the Following Timeline: If the Current Market Rate

Question 7

Multiple Choice

Consider the following timeline: Consider the following timeline: If the current market rate of interest is 8%, then the present value (PV) of this timeline as of year 0 is closest to ________. A) $502 B) $653 C) $600 D) $1004 If the current market rate of interest is 8%, then the present value (PV) of this timeline as of year 0 is closest to ________.


A) $502
B) $653
C) $600
D) $1004

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