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You have promised to complete a sculpture for a customer to be delivered at the end of 6 years from now for a fee of

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You have promised to complete a sculpture for a customer to be delivered at the end of 6 years from now for a fee of $5,000. If the relevant discount rate is 3% what would you be prepared to accept as a fee if paid now instead? Select one: None of the presented responses is correct $3,731.08 $4,187.42 $6,372.22

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