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What is the present value of $50,463 to be received 7 years from today? Assume a discount rate of 4% compounded annually and round to

What is the present value of $50,463 to be received 7 years from today? Assume a discount rate of 4% compounded annually and round to the nearest $1.

A. $25,490

B. $36,574

C. $38,348

D. $29,514

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