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You will receive 1 million dollars 1 5 years from now. What is it worth to you today? As 5 ume interest is compounded annually

You will receive

1

million dollars

15

years from now. What is it worth to you today? As

5

ume interest is compounded annually at

7 % .

)

362, 446

)

2, 759, 031.5

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