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Find the Present Value of $95,000 that you will receive 20 years later. Interest rate is 4% , compounded annually. Use the formula below, (where
Find the Present Value of
$95,000
that you will receive 20 years later. Interest rate is
4%
, compounded annually. Use the formula below, (where
FV=95,000,i=4%
, and
n=20
)\ Present Value
=(FV)/((1+i)^(^(^())))n
\
$44,657.46
\
$208,156.70
\
$43,356.76
\
$42,056.06
\
$40,755.35
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