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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

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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 189,051. In how many years is the 300,000 received? a. 5 years b. 6 years c. 7 years d. 8 years

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