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5) Which of the following amounts is closest to the present value of payments of 60,000 at the end of each of the next three

5) Which of the following amounts is closest to the present value of payments of 60,000 at the end of each of the next three years if the appropriate interest rate is 6%? a) 54,546 b) 59,940 c) 160,380 d) 163,632 e) 180,000

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