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Linda would like to buy a $1,000,000 Denver-based company in 20 years. What is the present value amount that she would need to deposit into

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Linda would like to buy a $1,000,000 Denver-based company in 20 years. What is the present value amount that she would need to deposit into an account earning an annual interest rate of 5%, compounded monthly? $2,712,640 $376,889$2,635,298 $368,645 $401,878

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