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Determine the present value of a $48,000 to be received in 10 years when the discount rate is 4%. Select one: a. $32,427 b. $24,557

Determine the present value of a $48,000 to be received in 10 years when the discount rate is 4%. Select one: a. $32,427 b. $24,557 C. $20,000 d. $26,653

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