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You receive $1,000 in 1 year, $1,200 in 2 years, and $1,300 in 3 years. The present value today of these future receipts is ________

You receive $1,000 in 1 year, $1,200 in 2 years, and $1,300 in 3 years. The present value today of these future receipts is ________ if the opportunity cost is 7 percent.

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