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You will receive $ 4 0 0 in 1 6 years. The discount rate is 1 5 % per year. What is the present value

You will receive $

400

16

years. The discount rate is

15 %

per year. What is the present value of that payment? Round your answer to the nearest

2

decimal places and do not include a dollar sign. For instance

55.31 .

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