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Present value of amounts due Assume that you are going to receive $610,000 in 10...

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Accounting

Present value of amounts due

Assume that you are going to receive $610,000 in 10 years. The current market rate of interest is 5%.

a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar. fill in the blank

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