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The present value of $50,000 to be received in 1 year, at 6% compounded annually, is (rounded to nearest dollar) Use the present value table

The present value of $50,000 to be received in 1 year, at 6% compounded annually, is (rounded to nearest dollar) Use the present value table in Exhibit 8.

a.$46,729

b.$44,643

c.$50,000

d.$47,170

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