Question: Current Attempt in Progress Sheffield Corp. will receive $780000 in a future year. If the future receipt is discounted at an interest rate of 8%,

Current Attempt in Progress Sheffield Corp. will receive $780000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is $530852. In how many years is the $780000 received? 5 years 3 years 4 years 6 years

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