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a . What is the present value of $ 1 2 0 , 0 0 0 to be received after 3 0 years with a

a $.$ What is the present value of $ $120, 000$ to be received after $30$ years with a $16$ percent discount rate? Use $A p p e n d i x B a s a n_{?}$ approximate answer, but calculate your final answer using the formula and financial calculator methods.

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Present value

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