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( Related to Checkpoint 5 . 4 ) ( Present value ) What is the present value of $ 8 0 0 to be received

(Related to Checkpoint 5.4)(Present value) What is the present value of $800 to be received 12 years from now discounted back to the present at 8 percent?
The present value of $800 to be received 12 years from now discounted back to the present at 8 percent is $ q,(Round to the nearest cent.)
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