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Your firm has just sold a piece of property for $500,000, but under the contract, your firm will not receive the money until 10 years

Your firm has just sold a piece of property for $500,000, but under the contract, your firm will not receive the money until 10 years from today. What is the present value of $500,000 to be received in 10 years if the discount rate is 6% annually?

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