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Diamond Co. received $500,000 today to deliver medical imaging equipment in two years. Assume an interest rate of 6% and annual compounding. What will be
Diamond Co. received $500,000 today to deliver medical imaging equipment in two years. Assume an interest rate of 6% and annual compounding. What will be the amount of revenue Diamond when it delivers the equipment in two years?
$560,000
$500,000
$562,755
$444,998
$561,800
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