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Q1. Which one of the following is the correct formula for the current value of $600 invested today at 5 percent interest for 6 years?

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Q1. Which one of the following is the correct formula for the current value of $600 invested today at 5 percent interest for 6 years? A. PV = $600/(1+.05)6 B. PV = $600/ (.06 x 5) C. PV = $600/ [(1 +.06) x 5] D. PV = $600/(1+.06)5 E. PV = $600/ [(1 +.05) x 6]

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