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Barber Company will receive $900,000 in 7 years. If the appropriate interest rate is 10%,...

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Accounting

Barber Company will receive $900,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $900,000 receipt is

A)$459,000.

B)$1,753,848.

C)$461,844.

D)$1,359,000.

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