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What is the present value of 12500 to be received 10 years

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What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10.

i) $5,790
ii) $11,574
iii) $9,210
iv) $17,010

Reference no: EM13568341

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