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Discounted at 10%, $1000 Received at the End of Each

Question 46

True/False

Discounted at 10%, $1000 received at the end of each year for three years is worth less than $2,700 received today.
PVA = A PVIFA (App. D: 3 periods, 10%)
= $1,000 .2.487 = $2,487

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