Barber Company Will Receive $900,000 in 7 Years

question 103

Multiple Choice

Barber Company will receive $900,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $900,000 receipt is

• A) $459,000.
• B) $461,844.
• C) $1,359,000.
• D) $1,753,848.

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Definitions:

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