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The rate of earnings is 12% and the cash to be received in 2 years is $51,465. Determine the present value amount, using the following

The rate of earnings is 12% and the cash to be received in 2 years is $51,465. 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% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 a. $36,643.08 b. $42,510.09 c. $41,017.61 d. $45,958.25

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