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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

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

a. 3 percent?

b. 6 percent?

c. 9 percent?

d. 12 percent?

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