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Present and Future Value Tables of $1 at 3% Are

Question 32

Multiple Choice

Present and future value tables of $1 at 3% are presented below:
Present and future value tables of $1 at 3% are presented below: -Bill wants to give Maria a $500,000 gift in seven years. If money is worth 6% compounded semiannually, what is Maria's gift worth today? A) $66,110. B) $81,309. C) $406,545. D) $330,560.
-Bill wants to give Maria a $500,000 gift in seven years. If money is worth 6% compounded semiannually, what is Maria's gift worth today?


A) $66,110.
B) $81,309.
C) $406,545.
D) $330,560.

Correct Answer:

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