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The current discount rate is equal to 10%. You are promised $1,000 in 4 years. What is the present value of this cash flow? Group

The current discount rate is equal to 10%. You are promised $1,000 in 4 years. What is the present value of this cash flow?

Group of answer choices

$718.88

Correct answer is not available

$683.01

$391.11

$823.22

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