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03-01-2023
Business

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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?

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