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Calculator The present value of $5,000 to be received in 4 years at a market rate of interest of 6% compounded annually is $3,636.30. Use

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Calculator The present value of $5,000 to be received in 4 years at a market rate of interest of 6% compounded annually is $3,636.30. Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.95238 0.94340 0.93458 0.90909 0.89286 2 0,90703 0.89000 0.87344 0.82645 0.79719 0.86384 0.83962 0.81630 0.75132 0.71178 0.82270 0.79209 0.76290 0.68301 0.63552 0.78353 0.74726 0.71299 0.62092 0.56743 0.74622 0.70496 0.66634 0.56447 0.50663 0.71068 0.66506 0.62275 0.51316 0.45235 0.67684 0.62741 0.58201 0.46651 0.40388 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197 True False

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