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    Macroeconomics Study Set 27
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    Exam 21: toward a Fuller Understanding of Present Value
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    The Present Value of a Painting That You Expect to Sell
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The Present Value of a Painting That You Expect to Sell

Question 13

Question 13

True/False

The present value of a painting that you expect to sell for $500 in three years is $405.22 if the annual interest rate is 5%.

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