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    Principles of Managerial Finance
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    Exam 5: Time Value of Money
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    Calculate the Present Value of $89,000 to Be Received in 15
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Calculate the Present Value of $89,000 to Be Received in 15

Question 71

Question 71

Short Answer

Calculate the present value of $89,000 to be received in 15 years, assuming an opportunity cost of 14 percent.

Correct Answer:

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PV = 89,00...

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