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Jerick McKinnon plans on receiving a retirement bonus of $ 1 , 0 0 0 , 0 0 0 in 5 years. If Jerick requires

Jerick McKinnon plans on receiving a retirement bonus of $1,000,000 in 5 years. If Jerick requires an interest rate of 7.40% compounded daily on his investments, what is the retirement bonus worth today?
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$1,370,000
$690,760
$699,808
$759,836

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