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Use the Present Value of $ 1 table to determine the present value of $ 1 received one year from now. Assume an 8 %

Use the Present Value of $

1

table to determine the present value of $

1

received one year from now. Assume an

8 %

interest rate. Use the same table to find the present value of $

1

received two years from now. Continue this process for a total of five years. Round to three decimal places.

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