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An investment has a future value of $150,000 when it is held for five years at an annual investment earnings rate of 10%. What is

An investment has a future value of $150,000 when it is held for five years at an annual investment earnings rate of 10%. What is the present value of this investment, when rounded up to the nearest one hundred dollars? a. $93,200 b. $124,000 c. $84,700 d. $150,000

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