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The present value of $5,000 to be received two years from now, based upon an annual interest rate of 4% is: (Hint: Consider the
The present value of $5,000 to be received two years from now, based upon an annual interest rate of 4% is: (Hint: Consider the simple interest for the two years) $5,376 $4,952 $4,623 $3,952
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
