French Gibbs
06/26/2023 · High School

Question 3 (1 point) What is the present value of the following future amount? \( \$ 271,651 \) to be received 11 years from now, discounted back to the present at 6 percent, compounded annually. Round the answer to two decimal places. Your Answer:

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The present value is approximately \$143,102.36.

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