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    What is the present value to be received?

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    What is the present value of $800 to be received at the end of eight years, assuming the following annual interest rate?
    a. 4 percent, discounted annually
    b. 8 percent, discounted annually
    c. 20 percent, discounted quarterly
    d. 0 percent

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    Solution Summary

    This solution helps find the present value of $800.