Present Value of Amounts Due Assume that you are going to receive $260,000 in 10 years. The current market rate of interest is 7%. a. Using the present value of $1 table in Exhibit 5, determine the...

Present Value of Amounts Due

Assume that you are going to receive $260,000 in 10 years. The current market rate of interest is 7%.

a.Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.
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