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Question 8 1/1 point Barkley Company will receive $400,000 in a future year. If the future receipt is discounted at an intere
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Answer #1
4,00,000*PVIF(8%,x years) = $252,068
= PVIF(8%, x years) = $0.6302
PVIF table 8%
From the table, it is clear that 6 years is correct answer. (c ) Years PVIF
1 0.9259
2 0.8573
3 0.7938
4 0.7350
5 0.6806
6 0.6302
7 0.5835
8 0.5403
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