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The present value of $100,000 to be received in five years at an interest rate of 16% compounded annually, is $47,610. Calculate the present value of $100,000 for each of the following:

a. interest is compounded semiannually

b. interest is compounded quarterly

c. a discount rate of 12% is used

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9283518

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