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(Present value) What is the present value of $500 to be received 8 years from now discounted back to the present at 10 percent? Part

(Present value) What is the present value of $500 to be received 8 years from now discounted back to the present at 10 percent?

Part 1

The present value of $500 to be received 8 years from now discounted back to the present at 10 percent is $

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