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1. What amount received at the end of 20-years is equivalent to $100 today, given an interest rate of 14%? a. $87,346 b. $1,152 c.

1. What amount received at the end of 20-years is equivalent to $100 today, given an interest rate of 14%?

a. $87,346

b. $1,152

c. $1,638

d. $1.374

e. $91,029

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