What has the higher present value: (a) $10,000 to be received at the end of two years,

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What has the higher present value:

(a) $10,000 to be received at the end of two years, or

(b) $5,000 to be received at the end of each of the next two years?

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Financial Accounting

ISBN: 9780324188035

9th Edition

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

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