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Q16. Which of the following cash flows has the highest present value? $1000 received two years in the future when the interest rate is 6%.

Q16. Which of the following cash flows has the highest present value?

$1000 received two years in the future when the interest rate is 6%.
$1000 received two years in the future when the interest rate is 4%.
$1000 received three years in the future when the interest rate is 4%.
$1000 received three years in the future when the interest rate is 6%.

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