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What is the present value of a $500 lump sum to be received in 5 years if the opportunity cost rate is 12 percent? (1
What is the present value of a $500 lump sum to be received in 5 years if the opportunity cost rate is 12 percent? (1 point) 3. What is the future value of a $500 lump sum invested for 5 years in an account paying 12 percent interest? (1 point) 4
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