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Georges grandmother promises to give him $1,000 at the end of five years. How much is the money worth today, assuming George could invest the

Georges grandmother promises to give him $1,000 at the end of five years. How much is the money worth today, assuming George could invest the money and earn a 6% annual rate of return? (Round to the nearest dollar).

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$4,212.

$5,637.

$1,338.

$ 747

$1,000.

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