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What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3.5% compounded annually and round to

What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3.5% compounded annually and round to the nearest $1.

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$6,508

$7,210

$5,790

$9,010

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