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Calculate the present value for the following assuming that the money can be invested at 14% percent. (Round final answers to the nearest dollar amount.)
Calculate the present value for the following assuming that the money can be invested at 14% percent. (Round final answers to the nearest dollar amount.)
a. You may receive $71,000 immediately.
b. You may receive $94,000 at the end of five years.
c. You may receive $28,000 at the end of each year for five years (a total of $140,000).
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