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The Present Value of $60,000 to Be Received in One

Question 59

Multiple Choice

The present value of $60,000 to be received in one year,at 6% compounded annually,is _____ (rounded to nearest dollar) .Use the following table,if needed. ​
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The present value of $60,000 to be received in one year,at 6% compounded annually,is _____ (rounded to nearest dollar) .Use the following table,if needed. ​ ​ A) ​$56,604 B) ​$63,396 C) ​$60,000 D) ​$3,396


A) ​$56,604
B) ​$63,396
C) ​$60,000
D) ​$3,396

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