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The present value of $ 1 , 0 0 0 to be received in five years will be: ( Note: suppose the interest rate is
The present value of $ to be received in five years will be: Note: suppose the interest rate is positive
A less than the present value of $ that will be received in three years.
B more than the present value of $ that will be received in four years.
C It is impossible to answer with certainty without knowing the interest rate.
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