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The rate of earnings is 6% and the cash to be received in 4 years is $68,502. The present value amount, using the following partial
The rate of earnings is 6% and the cash to be received in 4 years is $68,502. The present value amount, using the following partial table of present value of $1 at compound interest, is (round to two decimal points) 5% 0.943 0.890 0.840 0.792 Year 10% 0.909 0.826 0.751 0.683 12% 0.893 0.797 0.712 0.636 3 4 a. $57,541.68 b. $43,567.27 C. $46,786.87 d. $54,253.58
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