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MC - 1 ( Algo ) Computing the Present Value of a Single Payment with Tables Use present value tables to compute the present value

MC-1(Algo) Computing the Present Value of a Single Payment with Tables
Use present value tables to compute the present value of $600,000 to be paid in 10 years, with an interest rate of 10 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1)(Use appropriate factor(s) from the tables provided. Round "Present Value" to nearest whole dollar amount.)

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