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Multiple Choice Question 75 Crane Company will receive $300000 in a future year. If the future receipt is discounted at an interest rate of 7%,

Multiple Choice Question 75

Crane Company will receive $300000 in a future year. If the future receipt is discounted at an interest rate of 7%, its present value is $213897. In how many years is the $300000 received?

3 years

5 years

4 years

6 years

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