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What is the present value of a $500 deposit in year 1 and another $400 deposit at the end of year 4 if interest rates
What is the present value of a $500 deposit in year 1 and another $400 deposit at the end of year 4 if interest rates are 5 percent?
A. $493.62
B. $582.27
C. $480
D. $558.46
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
17th Edition
1119613698, 978-1119613695
