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determine the present value of $47,000 to be received in one year, at 6% compounded annually (rounded to nearest dollar). use the following table, if needed. present value of $1 at compound interest periods5%6%7% 10.952380.943400.934580.909090.89286 20.907030.890000.873440.826450.79719 30.863840.839620.816300.751320.71178 40.822700.792090.762900.683010.63552 50.783530.747260.712990.620920.56743 60.746220.704960.666340.564470.50663 70.710680.665060.622750.513160.45235 80.676840.627410.582010.466510.40388 90.644610.591900.543930.424100.36061 100.613910.558400.508350.385540.32197 select the correct answer. $41,964 $47,000 $44,340 $43,925

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