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The present value of $62,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar) Use the present value table

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The present value of $62,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar) Use the present value table in Exhibit 8 Oa. $55,180 Ob. $51,240 Oc. $49,426 Od. $54,153

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