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    Exam 30: Interest, Rent, and Profit
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    Approximately How Much Is $25,000 to Be Received a Year
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Approximately How Much Is $25,000 to Be Received a Year

Question 198

Question 198

Multiple Choice

Approximately how much is $25,000 to be received a year from now worth today at an interest rate of 6 percent?


A) $26,500
B) $85,556
C) $23,585
D) $20,385

Correct Answer:

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