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Which one of the following is the correct formula for computing the present value of $600 to be received in 6 years? The discount rate

Which one of the following is the correct formula for computing the present value of $600 to be received in 6 years? The discount rate is 7 percent. O. PV = $600 (1 +.06)7 PV = $600 (1 +.07)6 O. PV = $600/(1+ .07)6 O. PV = $600/(1+6).07
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