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Bill wants to give Maria a $550,000 gift in two years. If money is worth...

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Accounting

Bill wants to give Maria a $550,000 gift in two years. If money is worth 6% compounded semiannually, what is Maria's gift worth today?

(FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.)

a) $66,000

b) 489,498

c) 488,670

d) 435,652

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