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What is the present value of a single sum of $5,000 to be received in 10 years, assuming 12% interest? $1,610 $885 $4,464 $5,600

What is the present value of a single sum of $5,000 to be received in 10 years, assuming 12% interest?

$1,610

$885

$4,464

$5,600

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