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Present Value of Amounts Due Tommy John is going to receive $510,000 in three years. The current market rate of interest is 5%. a. Using

Present Value of Amounts Due

Tommy John is going to receive $510,000 in three years. The current market rate of interest is 5%.

a. Using the present value of $1 table below, determine the present value of this amount compounded annually.

Round to the nearest whole dollar.

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