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Knowledge Check 01 What is the present value of two $1,000 payments that would arrive at the end of every year assuming an interest rate
Knowledge Check 01
What is the present value of two $1,000 payments that would arrive at the end of every year assuming an interest rate of 5 percent using the formula method? (Round to 0 decimal places.)
- $1,859.41
- $1,005.00
- $1,111.11
- $6,667.67
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