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If Lucy earns a 7 percent after-tax rate of return, $13,000 received in four years is worth how much today? Use Exhibit 3.1 Note:

If Lucy earns a 7 percent after-tax rate of return, $13,000 received in four years is worth how much today? Use Exhibit 3.1 Note: Round discount factor(s) to three decimal places. Multiple Choice $13,000 $12,114 $14,419 $9,919 None of the choices are correct.

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