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What is the present value ( PV ) of $ 4 0 , 0 0 0 received ten years from now; assuming the interest rate

What is the present value

(

)

of $

40, 000

received ten years from now; assuming the interest rate is

5 %

per yeal?

.

20, 873

.

42, 974

.

24, 557

.

26, 000

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