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three years ago, props, inc. made an investment that earned 10% per year and is now worth $15,000. the following is the present value of $1 discounted at a 10% interest rate: periods present value of $1.00 discounted at 10% 1 .909 2 .826 3 .751 what is the amount of the initial cash investment made by props three years ago? a. $11,265 b. $12,390 c. $13,635 d. $19,973
Sagot :
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