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Your rich aunt gives you a high school graduation present

Your rich aunt gives you a high school graduation present of $110,000. Her present is in the form of a 7-year bond with an annual interest rate of 8.4%. The bond says that it will be worth $110,000 in 7 years.

Required:

What is this gift worth at the present time?

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Mathematics: Your rich aunt gives you a high school graduation present

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Mathematics: Your rich aunt gives you a high school graduation present

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