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A bank lends some money to a business. The business will pay the bank a single payment of $176,000 in ten years' time. How much

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A bank lends some money to a business. The business will pay the bank a single payment of $176,000 in ten years' time. How much greater is the present value (PV) of this payment if the interest rate is 9% rather than 8% ? A. $7178 B. $5742 C. $8613 D. $10,049

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