Vaughn Manufacturing will receive $413000 in 7 years. If the appropriate interest rate is 11%, the present
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Question:
Vaughn Manufacturing will receive $413000 in 7 years. If the appropriate interest rate is 11%, the present value of the $413000 receipt is
a. $198240.
b. $611240.
c. $198926.
d. $857454.
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Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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