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Intermediate Accounting ll Present and future values of $1 at...

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Accounting

Intermediate Accounting ll

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Present and future values of $1 at 3% are presented below: Monica wants to sell her share of an investment to Barney for $160,000 in 5 years. If money is worth 6% compounded semiannually, what would Monica accept today? Multiple Choice $8,000 $117,800 \$ 118,197 $119,054

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