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What is the present value of a lump sum of $ 5 , 0 0 0 received in 6 years at a rate of 8

What is the present value of a lump sum of $5,000 received in 6 years at a rate of 8 percent compounded annually?
a. $11,789,74
b. $3,150.85
c. $2,112.05
d. $4,450.00
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