Calculate the present value of the following amounts: 1. ...

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Accounting

Calculate the present value of the following amounts:

1.

$5,000

at the end of

five

years at

12%

2.

$5,000

at the end of each year for the next

five

years at

12%

(If using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answers to the nearest whole dollar.)

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