Using an interest rate of 5%, which figure has the smallest present value? a. $5,000 b. $5,050

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Using an interest rate of 5%, which figure has the smallest present value?

a. $5,000

b. $5,050 to be received two years from now

c. $5,075 to be received three years from now

d. $5,500 to be received ten years from now

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:47 AM

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Using an interest rate of 5%, which figure has the smallest present value? a. $5,000 b. $5,050

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