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Suppose you will turn 25 years after 8 years. What is the present value of your saving account if it promises to pay you $70,000

Suppose you will turn 25 years after 8 years. What is the present value of your saving account if it promises to pay you $70,000 on your 25th birthday, if the account earns 7.25% compounded annually?

a. $12256

b. $39987

c. $30442

d. $24922

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