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What Is the Present Value (PV)of $50 000 Received 20

Question 32

Multiple Choice

What is the present value (PV) of $50 000 received 20 years from now, assuming the interest rate is 4% per year?

A) $22 819.35
B) $40 000.00
C) $10 000.00
D) $5 242.88

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