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Show all work please 1. You expect to receive a lump sum amount of $20,000 fifty years from now. But you want that money now.

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Show all work please
1. You expect to receive a lump sum amount of $20,000 fifty years from now. But you want that money now. So what is the present value of that sum if the current discount rate is 7.5%?Assume annual compounding

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