What is the present value of a 290 payment in one year when, Finance Basics

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What is the present value of a 290 payment in one year when

Question: What is the present value of a $290 payment in one year when the discount rate is 7 percent? (Round your answer to 2 decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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