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Using the Tables Above,what Would Be the Present Value of $15,000

Question 161

Multiple Choice

Using the tables above,what would be the present value of $15,000 to be received at the end of each of the next 2 years,assuming an earnings rate of 6%?


A) $27,495
B) $26,040
C) $30,000
D) $25,350

Correct Answer:

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