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What is the present value of $45,000 to be received 50 years from today if the discount rate is 8 percent? A. $1,147.07 B. $1,061.80
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Step 1
I'll solve this present value problem step by step using the present value formula:

Step 2
: Identify the Present Value Formula

- $$n$$ = Number of Years
The present value (PV) formula is: Where:

Final Answer

The present value of $45,000 to be received 50 years from today at an 8% discount rate is $1,061.80.

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