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What is the present value of two payments

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Question - What is the present value of two $1,000 payments that would arrive at the end of every year assuming an interest rate of 5 percent using the formula method? (Round to 0 decimal places.)

a. $1,859.41

b. $1,005.00

c. $1,111.11

d. $6,667.67

Reference no: EM132562770

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