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    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
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    If the Interest Rate Is 2
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If the Interest Rate Is 2

Question 33

Question 33

Multiple Choice

If the interest rate is 2.49 percent,then what is the present value of $5,000 to be received in 4 years?


A) $4,531.52
B) $4,878.52
C) $5,124.50
D) $5,516.91

Correct Answer:

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