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What is the present value of a $7,000 payment made in six years when the discount rate is 4 percent? Multiple Choice $5,802.82 $5,532.20 $5,290.42

What is the present value of a $7,000 payment made in six years when the discount rate is 4 percent?

Multiple Choice

$5,802.82
$5,532.20
$5,290.42
$6,103.73

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