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Testbank Multiple Choice Question 74 Concord Corporation will receive $407000 in 7 years. If the appropriate interest rate is 8%, the present value of the

Testbank Multiple Choice Question 74

Concord Corporation will receive $407000 in 7 years. If the appropriate interest rate is 8%, the present value of the $407000 receipt is

$643060.

$237480.

$697525.

$236060.

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