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Posted on Sep 20, 2024

If the interest rate is 8 % , receiving $ 1 0 0 0 0 in 3 years time is equivalent to receiving what amount

If the interest rate is

8 %,

receiving $

10 000

3

years

time is equivalent to receiving what amount today?

Group of answer choices

10 000

3 880

9 255

7 938

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