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What is equivalent to receiving amount today

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Reference no: EM132541574

Question 1: If the interest rate is 8%, if you were to receive $10,000 in 3 years' time it is equivalent to receiving what amount today?

Option a. $10,000

Option b. $7,938

Option c. $3,880

Option d. $92,559

Reference no: EM132541574

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