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Which of the following is closest to the present value of a cash flow of $1,000 occurring in 7 years time given a discount rate
Which of the following is closest to the present value of a cash flow of $1,000 occurring in 7 years time given a discount rate of 4% p.a.?
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1.$762.90
2.$1,310.80
3.$759.92
4.$1,315.93
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