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The present value of a single payment of CAD 7 5 , 0 0 0 at the end of Year 3 at an interest rate

The present value of a single payment of CAD

75, 000

at the end of Year

3

at an interest rate of

5.50 %,

compounded yearly is CAD

63, 871.02 .

Question

7

Select one:

True

False

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