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The present value of $100,000 to be received in five years at an interest rate of 16%, compounded annually, is $47,610. calculate the present value

The present value of $100,000 to be received in five years at an interest rate of 16%, compounded annually, is $47,610. calculate the present value of $100,000 for each of the following items using these facts, except The cash will be received in three years

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