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Assume that you are going to receive $520,000 in 10 years. The current market rate of interest is 4%. a. Using the present value of

Assume that you are going to receive $520,000 in 10 years. The current market rate of interest is 4%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.

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