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Present value of amounts due Assume that you are going to receive $370,000 in 10 years. The current market rate of interest is 4.5%, compounded

Present value of amounts due

Assume that you are going to receive $370,000 in 10 years. The current market rate of interest is 4.5%, compounded annually.

a.Using the present value of $1 table inExhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.

$_________

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