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In Calculating the Present Value of $1,000 to Be Received

question 14

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In calculating the present value of $1,000 to be received 5 years from today, the discount factor has been calculated to be .7008. What is the apparent interest rate?


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Dissolved

The process of officially closing and ending the existence of a company or partnership.

Operating Agreement

An agreement in which the members of a limited liability company set forth the details of how the business will be managed and operated.

Limited Liability Company

A company organization style that merges the protective limited liability of corporations with the advantageous pass-through taxation of sole proprietorships or partnerships.

State Law

consists of the laws and regulations enacted by the legislative bodies of individual states.

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