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To Assess the Current Value of a Lump-Sum Retirement Benefit

Question 53

Multiple Choice

To assess the current value of a lump-sum retirement benefit that will be received in 10 years, use the ____________ calculation.


A) present value of annuity
B) present value of a single amount
C) future value of an annuity
D) future value of a single amount
E) retained earnings

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