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All else being constant, which one of the following combinations will result in the lowest present value of a lump sum? Multiple Choice 9 percent

All else being constant, which one of the following combinations will result in the lowest present value of a lump sum?

Multiple Choice

9

percent interest for

7

years

9

percent interest for

11

years

9

percent interest for

15

years

11

percent interest for

7

years

11

percent interest for

15

years

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