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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

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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 is 7 percent O a PV = $600 (1 + 6)? O b. PV = $600 (0.07 6) Oc. PV = $600 (1 +0.07) od PV = $600/(1 + 0.07)6

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