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What is the present value of $ 1 comma 5 0 0 1 , 5 0 0 to be received in twotwo years if the

What is the present value of $

1

comma

5001, 500

to be received in twotwo years if the interest rate is

1313 % ?

The present value is $ enter your response here.

(

Round your response to the nearest cent.

)

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