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Score: 0 of 2 pts 4 of 13 (2 complete) P5-15 (algorithmic) (Related to Checkpoint 5.4) (Present value) What is the present value of $900
Score: 0 of 2 pts 4 of 13 (2 complete) P5-15 (algorithmic) (Related to Checkpoint 5.4) (Present value) What is the present value of $900 to be received 11 years from now discounted back to the present at 8 percent? The present value of $900 to be received 11 years from now discounted back to the present at 8 percent is $. (Round to the nearest cent.)
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