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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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