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What is the present value of an obligation of $120,000 that is due in 5 years from now if cost of money is 5% .

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What is the present value of an obligation of $120,000 that is due in 5 years from now if cost of money is 5% . A. $85,900 B. $94,020 C. $127,630 D. $100,000 E. $65,260

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