1. Ross will inherit a lump sum amount of $1,000,000 that is payable in 7 years. The current rate of return is 6%. What is the present value of the lump sum?
Group of answer choices
$706,162
$796,759
$754,717
$665,057
$491,730
1. Ross will inherit a lump sum amount of $1,000,000 that is payable in 7 years....
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