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What is the present value of $45,000 to be received 50 years from today if the discount rate is 8 percent, compounded annually? Multiple Choice

What is the present value of $45,000 to be received 50 years from today if the discount rate is 8 percent, compounded annually? Multiple Choice $959.46 $1,147.07 $841.41 $1,106.18 $1,291.06

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