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(Present value) What is the present value of $700 to be received 14 years from now discounted back to the present at 9 percent? Question

(Present value) What is the present value of

$700

to be received

14

years from now discounted back to the present at

9

percent?

Question content area bottom

Part 1

The present value of

$700

to be received

14

years from now discounted back to the present at

9

percent is

$enter your response here.

(Round to the nearest cent.)

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