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An initial $400 compounded for 1 year at 5%. $ 20 An initial $400 compounded for 2 years at 5%. $ The present value of

An initial $400 compounded for 1 year at 5%. $ 20 An initial $400 compounded for 2 years at 5%. $ The present value of $400 due in 1 year at a discount rate of 5%. $ The present value of $400 due in 2 years at a discount rate of 5%. $

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