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    Exam 3: Mortgage Loan Foundations: The Time Value of Money
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    Assuming an Interest Rate of 6%,the Present Value of $1
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Assuming an Interest Rate of 6%,the Present Value of $1

Question 22

Question 22

Short Answer

Assuming an interest rate of 6%,the present value of $1 that will be received a year from now is $0.75.

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