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Coronado Industries will receive $420000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is

Coronado Industries will receive $420000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is $166786. In how many years is the $420000 received?

13 years

12 years

11 years

10 years

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