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Calculate the present value of $ 1 , 0 0 0 to be received at the end of 5 years. Assume an interest rate of

Calculate the present value of $1,000 to be received at the end of 5 years. Assume an interest rate of 7 percent.
a. $852.01
b. $1,718.19
c. $531.82
d. $5,971.30
e. $712.99
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