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Present and future values of 1 at 11% are presented below. payment of $10,000 at the end of each year for five years. The interest

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Present and future values of 1 at 11% are presented below. payment of $10,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at: Multiple Choice $110,877. $36,959. $66,959. $40,000

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