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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).
Group of answer choices
$4,212.
$5,637.
$1,338.
$ 747
$1,000.
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