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You expect to receive $9,500 in 6 years from a lawsuit settlement. What is the present value of the settlement? Use an annual interest rate

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You expect to receive $9,500 in 6 years from a lawsuit settlement. What is the present value of the settlement? Use an annual interest rate of 7.75%. $6,571 $6,251 $6,290 $6,070 $5,518

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