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Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future value
Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future value back to period 0 at 11.99%. In relation to the initial single sum, the discounted future value:
(A) Is greater than the original amount | ||
(B) Is less than the original amount | ||
(C) Is the same as the original amount
| ||
(D) Cannot be determined with the information given |
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