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The present value of $50,000 to be received at the end of three years, discounted annually at 10 percent, is _____ (rounded to the nearest

The present value of $50,000 to be received at the end of three years, discounted annually at 10 percent, is _____ (rounded to the nearest dollar).

A. $35,000

B. $37,566

C. $66,550

D. $124,343

E. none of the above

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