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What Is the Present Value (PV)of $85,000 Received 15 Years

Question 71

Multiple Choice

What is the present value (PV) of $85,000 received 15 years from now,assuming the interest rate is 3% per year?

A) $54,558
B) $85,000
C) $82,524
D) $132,427
E) $5,502

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