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Which of the following is true? A. If interest is 11% compounded annually, $1,100, due one year from today is equivalent to $1,000 today B.
Which of the following is true?
A. If interest is 11% compounded annually, $1,100, due one year from today is equivalent to $1,000 today
B. If interest is 4% compounded annually, $10,400, due one year from today is equivalent to $10,000 today
C. The process of accumulating interest on interest is referred to as discounting
D. The higher the discount rate, the higher the present value
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