Company H will receive $250,000 in a future year. When Company H discounts the receipt...
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Accounting
Company H will receive $250,000 in a future year. When Company H discounts the receipt using 11% rate, the present value is $108,483. In how many years is the $250,000 received? A. 5 years B. 6 years C. 7 years D. 8 years
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