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Calculate the present value PV of an investment that will be worth $ 1 , 0 0 0 at the stated interest rate after the

Calculate the present value PV of an investment that will be worth $

1, 000

at the stated interest rate after the stated amount of time. HINT

[

See Quick Example

4 .] (

Round your answer to the nearest cent.

)

10

years, at

5 %

per year, compounded annually

=

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