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( Related to Checkpoint 5 . 4 ) ( Present value ) What is the present value of $ 5 0 0 5 0 0

(Related to Checkpoint5.4)(Present value) What is the present value of $500500 to be received 1111 years from now discounted back to the present at 88percent?
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Part 1
The present value of $500500 to be received 1111 years from now discounted back to the present at 88 percent is $enter your response here. (Round to the nearest cent.)

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