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Suppose that $5,000 is to be received in 12 years. At an annual interest rate of 8%, what is the present worth of this amount?
Suppose that $5,000 is to be received in 12 years. At an annual interest rate of 8%, what is the present worth of this amount?
Group of answer choices
$1,985.57
$1,762.33
$37,680.39
$38,810.20
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