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The treasurer of Parkland Community Hospitals needs to determine the present value of a one-time $1,200,000 investment at the end of year 7. The discount

The treasurer of Parkland Community Hospitals needs to determine the present value of a one-time $1,200,000 investment at the end of year 7. The discount rate is 3% compounded annually, what is the present value?

$975,710

$821,780

$109,400

$882,000

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