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21-04-2020
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Cash of $12,000 will be received in year 6. Assuming an opportunity cost of capital of 7.2%, which of the following is true? The future value is $18,212 The present value is $7,996 The present value is $7,907 Provide data for tax purposes None of the above

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Sally2020 Sally2020

21-04-2020

Answer:

The present value is $7,907

Explanation:

12000(1+0.072)^-6=7907 (round up)

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