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To what present value would $50,000 received in five years, assuming an annual discount rate of 4%? 6. To what present value would $500,000 received

  1. To what present value would $50,000 received in five years, assuming an annual discount rate of 4%?

6. To what present value would $500,000 received in six years, assuming an annual discount rate of 5%?

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