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Mike's father promised Mike that if he graduates from college in 3 years from now, he will receive a $14,000 cash gift. Suppose Mike requires

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Mike's father promised Mike that if he graduates from college in 3 years from now, he will receive a $14,000 cash gift. Suppose Mike requires a 10% return, what is the present value of the cash gift? OA) $10,518.41 OB) $7,938.32 OC) $10,075.43 OD) $9,505.12

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