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The Present Value of $40,000 to Be Received in Two

Question 37

Multiple Choice

The present value of $40,000 to be received in two years,at 12% compounded annually,is _____ (rounded to nearest dollar) .Use the following table,if needed. ​
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The present value of $40,000 to be received in two years,at 12% compounded annually,is _____ (rounded to nearest dollar) .Use the following table,if needed. ​ ​ A) ​$31,888 B) ​$48,112 C) ​$8,112 D) ​$40,000


A) ​$31,888
B) ​$48,112
C) ​$8,112
D) ​$40,000

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