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You Will Receive $100 at the End of Year One,$200

Question 54

Multiple Choice

You will receive $100 at the end of year one,$200 at the end of year two,and $300 at the end of year three.What is the present value of these cash flows today if the discount rate is 13 percent annually?


A) $553
B) $453
C) $423
D) $383

Correct Answer:

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