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If the rate of earnings is 12% and the cash to be received in two years is $20,000, determine the present value amount, using the

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If the rate of earnings is 12% and the cash to be received in two years is $20,000, determine the present value amount, using the following partial table of present value of $1 at compound interest. $14,240 $15,940 $16,520 $17,860

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