Question: A $ 7 , 4 0 0 payment to be made 5 years in the future is equivalent to receiving today; and $ 7 ,

A $7,400 payment to be made 5 years in the future is equivalent to receiving
today; and $7,400 paid today
is equivalent to
paid 5 years in the future if market interest rates are 5.75 percent.
A $7,400 payment to be made 5 years in the future

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