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If you are scheduled to receive a $10,000 payment in two years and the interest rate is 10%, then the present value of this payment

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If you are scheduled to receive a $10,000 payment in two years and the interest rate is 10%, then the present value of this payment is: A) $9,000. B) $8,264. C) $12,000. D) $5,000. Difficulty: Medium Section: The Limits on How Much a Country Ans. B

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