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I expect to receive an income of $1,259.71 at the end of 3 years from now. If the discount rate is 8.00% what is the
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I expect to receive an income of $1,259.71 at the end of 3 years from now. If the discount rate is 8.00% what is the present value of this income?
A. $1,586.87
B. $1,259.71
C. $1,000.00
D. None of the above
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