Question: Question Content Area Using the following table, what is the present value of $40,000 to be received in five years, if the market rate is

Question Content Area Using the following table, what is the present value of $40,000 to be received in five years, if the market rate is 7% compounded annually? Round your answer to two decimal places.

Using the following table, what is the present value of $40,000 to be received in five years, if the market rate is 7% compounded annually? Round your answer to two decimal places

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