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Assume that you are going to receive $560,000 in 10 years. The current market rate of interest is 12%, compounded annually. a. Using the present

Assume that you are going to receive $560,000 in 10 years. The current market rate of interest is 12%, compounded annually. 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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