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You've Been Promised a Payment of $400 in the Future

Question 76

Multiple Choice

You've been promised a payment of $400 in the future.In which case is the present value of this payment highest?


A) you wait 3 years and the interest rate is 6%
B) you wait 3 years and the interest rate is 5%
C) you wait 2 years and the interest rate is 6%
D) you wait 2 years and the interest rate is 5%

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