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The rate of earnings is 1 2 % and the cash to be received in 2 years is $ 8 0 , 8 9 5

The rate of earnings is 12% and the cash to be received in 2 years is $80,895. Determine the present value amount, using the following partial table of present value of $1 at compound interest (round to two decimal points).
Year 6%10%12%
10.9430.9090.893
20.8900.8260.797
30.8400.7510.712
40.7920.6830.636
a. $57,597.24
b. $64,473.32
c. $66,819.27
d. $72,239.24

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