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What is the approximate present value of $1,000 to be received at the end of 5 years assuming a 12% discount rate? a. $105,42 b.

What is the approximate present value of $1,000 to be received at the end of 5 years assuming a 12% discount rate?

a. $105,42

b. $378.91

c. $567.43

d. $1,000.00

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