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103. Which one of the following is the correct formula for computing the present value of a lump sum to be received sometime in the

103. Which one of the following is the correct formula for computing the present value of a lump sum to be received sometime in the future? a. PV=FV(1+t)t c. PV=FV1t b. PV=FV(1+rt) d. PV=FV/(1+r)t

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