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Assume you receive $60,000 in five years and the annual interest rate is six percent. Using the present value formula, how much is that worth

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Assume you receive $60,000 in five years and the annual interest rate is six percent. Using the present value formula, how much is that worth in today's dollars (rounded to the nearest dollar)? O $44,835 O $60,000 O None of the answer choices is correct. O $42,000 O $78,000

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