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Tensing Palmo expects to receive $49,900 on his birthday 9 years from now. He knows he could earn 0.0323 on an investment for 9 years.

Tensing Palmo expects to receive $49,900 on his birthday 9 years from now. He knows he could earn 0.0323 on an investment for 9 years. The present value of this money is:

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