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If you receive $392 at the end of each year for the first three years and $744 at the end of each year for the
If you receive $392 at the end of each year for the first three years and $744 at the end of each year for the next three years. What is the present value? Assume interest rate is 10%.
a. | 2,364.94 | |
b. | 364 | |
c. | 3,364 | |
d. | 1,264.98 |
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