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What is the present value of $1,000 to be received in one year at an interest rate of 8%? Select one: a. $1080 b. $925.93

What is the present value of $1,000 to be received in one year at an interest rate of 8%?

Select one:

a. $1080

b. $925.93

c. $1075

d. None of the above

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