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Calculator Present Value of Amounts Due Determine the present value of $730,000 to be received in three years, using an interest rate of 4.5%, compounded

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Calculator Present Value of Amounts Due Determine the present value of $730,000 to be received in three years, using an interest rate of 4.5%, compounded annually. Use the present value table in Exhibit 8. Round to the nearest whole dollar. 32,851 X Feedback Check My Work Review the time value of money concept.Recall that the time value of money concept recognizes that cash received today is worth more than the same amount of cash to be received in the future

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