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Assuming an interest rate of 8%, what is the present value of 27,500 receivable in 9 years' time? Group of answer choices 13,427.45 13,756.85 13,998.35

Assuming an interest rate of 8%, what is the present value of 27,500 receivable in 9 years' time?

Group of answer choices

13,427.45

13,756.85

13,998.35

13,822.25

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