Michaelyork5523 Michaelyork5523

14-05-2023
Business

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The present value of $1,000 to be received in 5 years with a discount rate of 3% is __________ $1,000.

Group of answer choices
A. higher than
B. independent of
C. equal to
D. lower than

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$800 at 4.25% intrest for 6 years