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What is the present value of a lump sum of $45,000 received in year 40 if the rate is 6%, compounded quarterly? $1,893 O $4,156

What is the present value of a lump sum of $45,000 received in year 40 if the rate is 6%, compounded quarterly? $1,893 O $4,156 O $3,219 $2,694 O none of the above

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