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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

  • $1.31.

  • $0.55.

  • $1.00.

  • $1.21.

  • $0.92.

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