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Question 21 1 pts The present value of $80,000 to be received in three years, at 10% compounded annually, is (rounded to nearest dollar). Use

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Question 21 1 pts The present value of $80,000 to be received in three years, at 10% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 10% 1 0.95238 0.90909 2 0.90703 0.82645 3 0.86384 0.75132 4 0.82270 0.68301 5 0.78353 0.62092 6 0.74622 0.56447 7 0.71068 0.51316 8 0.67684 0.46651 9 0.64461 0.42410 10 0.61391 0.38554 $80,000 $19,894 $60,106 $49,894

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