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What is the present value of $1 received seven years from now (rounded to two decimal places) if the discount rate is 9%? Multiple Choice
What is the present value of $1 received seven years from now (rounded to two decimal places) if the discount rate is 9%?
Multiple Choice
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$1.31.
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$0.55.
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$1.00.
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$1.21.
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$0.92.
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