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Compute the present value of $3,000 paid in three years using the following discount rates: 5 percent in the first year, 6 percent in the

Compute the present value of $3,000 paid in three years using the following discount rates: 5 percent in the first year, 6 percent in the second year, and 6.50 percent in the third year. Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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