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Present value of amounts due Assume that you are going to receive $ 6 4 0 , 0 0 0 in 1 0 years. The

Present value of amounts due
Assume that you are going to receive $640,000 in 10 years. The current market rate of interest is 4%.
a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.
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