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1) At an annual interest rate of 7%, the present value of $5000 received in five years is closest to: A) $3565. B) $6750. C)

1) At an annual interest rate of 7%, the present value of $5000 received in five years is closest to:

A) $3565.

B) $6750.

C) $7015.

D) $7035.

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