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The present value of $13,000 received seven years from today,assuming an interest rate of 5% compounded annually is: A) 9,238.85 B) 17,550.00 C) 18,292.30 D)

The present value of $13,000 received seven years from today,assuming an interest rate of 5% compounded annually is:

A) 9,238.85

B) 17,550.00

C) 18,292.30

D) 19,500.00

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