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The present value of $71,000 to be received in 2 years, at 12% compounded annually, is (rounded to nearest dollar) Use the present value table

The present value of $71,000 to be received in 2 years, at 12% compounded annually, is (rounded to nearest dollar) Use the present value table in Exhibit 8 , a. $58,678 b. $56,600 c. $63,190 d. $62,014

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