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Calculate the present value of $5,000 received five years from today if your investments pay a. 6 percent compounded annually b. 8 percent compounded annually

Calculate the present value of $5,000 received five years from today if your investments pay

a. 6 percent compounded annually

b. 8 percent compounded annually

c. 10 percent compounded annually

d. 10 percent compounded semiannually

e. 10 percent compounded quarterly

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