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Consider the Following Timeline: If the Current Market Rate

Question 55

Multiple Choice

Consider the following timeline: Consider the following timeline: If the current market rate of interest is 8%,then the value as of year 1 is closest to: A) $0 B) $1003 C) $540 D) $77 E) $40 If the current market rate of interest is 8%,then the value as of year 1 is closest to:


A) $0
B) $1003
C) $540
D) $77
E) $40

Correct Answer:

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