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What is the present value of a $150,000 cash receivable in 1 year when the market rate of interest is 10% per annum? a) $122,593

What is the present value of a $150,000 cash receivable in 1 year when the market rate of interest is 10% per annum?

a) $122,593 b) $135,000 c) $136,364 d) $185,774

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