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What is the present value (PV) of $1000 to be received 15 years from today, assuming an interest rate of 6% per year? Select one:

What is the present value (PV) of $1000 to be received 15 years from today, assuming an interest rate of 6% per year?

Select one:

a. $404.

b. $417.

c. $388.

d. $411.

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