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To calculate the present value (PV) of $30,000 to be received in 3 years at a 6% interest rate, you can use the formula:

[ PV = \frac{FV}{(1 + r)^n} ]

Where ( FV ) is the future value ($30,000), ( r ) is the interest rate (0.06), and ( n ) is the number of years (3). Plugging in the values:

[ PV = \frac{30000}{(1 + 0.06)^3} = \frac{30000}{1.191016} \approx 25,187.35 ]

Thus, the present value is approximately $25,187.35.

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2mo ago

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