Question $15(1$ point$)$

You are filing for a special tax credit offered by the State of RI for investing in low income housing projects. The tax credit is equal to $12\%$ of the amount invested $$1,300,000.$ Processing of the tax credit is anticipated to take $5$ years. What is the present value of the tax credit received in $5$ years to the nearest dollar. For the discount rate use $4\%.$ If your answer $$54,423$ ENTER $54423$

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