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The chief financial officer of a home health agency needs to determine the present value of a $120,000 investment received at the end of year

  1. The chief financial officer of a home health agency needs to determine the present value of a $120,000 investment received at the end of year 5. What is the present value if the discount rate is:
  2. 3 percent?
  3. 6 percent?
  4. 9 percent?
  5. 12 percent?

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