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Your rich aunt gives you a high school graduation present of $ 1 0 0 , 0 0 0 . Her present is in the

Your rich aunt gives you a high school graduation present of $100,000. Her present is in the form of an 8-year bond with an annual interest rate of 7.9%(compounded annually). The bond says that it will be worth $100,000 in 8 years. What is this gift worth at the present time? (Round your answer to the nearest cent.)

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