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Which of the following amounts is closest to the net present value of a project that contributes $10,000 at the end of the first year
Which of the following amounts is closest to the net present value of a project that contributes $10,000 at the end of the first year and $5,000 at the end of the second year. The initial cost is $8,000 and the appropriate interest rate is 10%.
$5,223
$21,223
$7,000
$5,951
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