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The present value of $220,000 to be received in five years at aninterest rate of 16%, compounded annually, is $104,742.Required:Using a present value table (Table

The present value of $220,000 to be received in five years at aninterest rate of 16%, compounded annually, is $104,742.Required:Using a present value table (Table 6-4 and Table 6-5), calculatethe 2 answers

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