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What is the present value of $12,200 to be received 4 years from today if the discount rate is 5 percent? Multiple Choice $10,027.51 $7,320.00

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What is the present value of $12,200 to be received 4 years from today if the discount rate is 5 percent? Multiple Choice $10,027.51 $7,320.00 $10,459.53 $10,538.82 $10,036.97

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