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Barkley Company will receive $300,000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is

image text in transcribed Barkley Company will receive $300,000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is $189,051. In how many years is the $300,000 received? Select one: O a. 6 years O b. 5 years O c. 7 years O d. 8 years

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