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I dont understand what I am doing wrong $50,000*(1+(1+0.040^10) =124012.2142 Assume that you are going to receive $50,000 in 10 years. The current market rate

I dont understand what I am doing wrong

$50,000*(1+(1+0.040^10)

=124012.2142

Assume that you are going to receive $50,000 in 10 years. The current market rate of interest is 4%.a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.

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