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Determine the present value of $300,000 to be received at the end of each of four years, using an interest rate of 6%, compounded annually,

Determine the present value of $300,000 to be received at the end of each of four years, using an interest rate of 6%, compounded annually, as follows:

By using the present value of an annuity of $1 table in Exhibit 7. Round to the nearest whole dollar.

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