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please show steps as if im a child Question 5 (1 point) What is the present value of a lump sum, $296,000 in 7 years

please show steps as if im a child

Question 5 (1 point) What is the present value of a lump sum, $296,000 in 7 years if the interest rate (discount rate) is 11.5 percent annually? (Round your answer to 2 decimal places. (e.g., 123,345,16)) Your

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