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The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%.

samualson

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The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%.

The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%.
A) $368
B) $494
C) $548
D) $687

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DeanaRay

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