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M9-9 Computing the Present Value of a Single Payment LO9-7 What is the present value of $610,000 to be paid in 8 years? The annual

M9-9 Computing the Present Value of a Single Payment LO9-7

What is the present value of $610,000 to be paid in 8 years? The annual interest rate is 6%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.)

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