What has the higher present value: (a > $ 5,000 to be received at the end of

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What has the higher present value: (a > $ 5,000 to be received at the end of two vears.

or

(b) $2,500 to be received at the ^-n^l of each of the next two years? LO3

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Accounting

ISBN: 9780324025422

20th Edition

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

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