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(rounded to nearest dollar). Use the following table, if needed. The present value of $19,000 to be received in one year, at
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Answer #1

Ans. Option B

Explanation and calculation:

Present value of cash flow is equal to the product of cash inflow and present value of an annuity of $1 at a particular interest rate.

Present value = Cash inflow * Present value of $1 @6%

= $49,000 * 0.94340

= $46,226.6 or $46,227 (rounded)

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