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How many years is the received

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Question - Coronado Industries will receive $420000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is $166786. In how many years is the $420000 received?

a. 13 years

b. 12 years

c. 11 years

d. 10 years

Reference no: EM132615161

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