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d. Use the formula PV=FV (1+) to find the present value of $4,800 received three years from now at 12 percent interest. Note: Do

d. Use the formula PV=FV (1+) to find the present value of $4,800 received three years from now at 12 percent interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Present value

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