Question: d. Use the formula PV = FV (1/(1+ i ) n ) to find the present value of $9,800 received three years from now at

d. Use the formula PV = FV (1/(1+i)ⁿ) to find the present value of $9,800 received three years from now at 12 percent interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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