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Ten years from now you will receive $100, assuming an interest rate of 9%, what is the present value of this amount? A) $75 B)

Ten years from now you will receive $100, assuming an interest rate of 9%, what is the present value of this amount?

A) $75 B) $699 C) $91 D) $42 E) $236

Please show work and formula used. Thank you!

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