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Using the following partial table of present value of $1 at compound interest, determine the present value of $20,000 to be received three years hence,

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Using the following partial table of present value of $1 at compound interest, determine the present value of $20,000 to be received three years hence, with earnings at the rate of 10% a year: Year 6% 10% 12% 1 2 .943 .890 .840 .792 .909 .826 .751 .683 .893 .797 .712 .636 3 4 O $15,020 $15,840 O $13,660 O $16.800

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