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The rate of earnings is 12% and the cash to be received in 2 years...

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Accounting

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The rate of earnings is 12% and the cash to be received in 2 years is $87,820. Determine the present value amount, using the following partial table of present value of $1 at compound interest (round to two decimal points). a. $62,527.84 b. $69,992.54 c. $72,539.32 d. $78,423.26

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