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Nine years from today, you will receive $80,000. The annual interest rate is 10 percent. What is the present value of this sum? (Round your

Nine years from today, you will receive $80,000. The annual interest rate is 10 percent. What is the present value of this sum? (Round your answer to the nearest dollar.)

Select one:

a. $8,000

b. $63,546

c. $78,179

d. $71,576

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