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Diamond Co. received $500,000 today to deliver medical imaging equipment in two years. Assume an...

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Accounting

Diamond Co. received $500,000 today to deliver medical imaging equipment in two years. Assume an interest rate of 6% and annual compounding. What will be the amount of revenue Diamond when it delivers the equipment in two years?

$560,000

$500,000

$562,755

$444,998

$561,800

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