What is the total future value six years from now of $80 received in one year, $300
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Question:
What is the total future value six years from now of $80 received in one year, $300 received in two years and $700 received in five years if the discount rate is 7%?
1. $1,080.00
2. $1,047.15
3. $1,205.44
4. $1,254.44
5. $1,299.15
Expert Answer:
Answer rating: 100% (QA)
The correct answer is 4 125444 Explanation Present value of 80 received in one year 80 x PVIF ... View the full answer
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