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Present Value Given a 7 Percent Interest Rate,compute the Present

Question 13

Multiple Choice

Present Value Given a 7 percent interest rate,compute the present value of deposits made in years 1,2,3,and 4 of $1,000,$1,200,$1,500,and $1,500.

A) $3,967.06
B) $4,351.50
C) $4,859.81
D) $5,207.00

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