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Use the Present Value and Future Value Tables Included in Appendix

Question 3

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-What is the approximate present value of $100 to be received in 2 years if interest is 10 percent compounded annually?


A) $83
B) $90
C) $110
D) $121

Correct Answer:

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