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52. The following items apply to the appropriate use of present value tables. Given below are the present value factors for $1.00 discounted at 10% for one to five periods. Each of the items is based on 10% interest compounded annually. Present Value of $1 Periods Discounted at 10% per Period 1 0.909 2 0.826 3 0.751 4 0.683 5 0.621 What amount should an individual have in a bank account today before withdrawal if $5,000 is needed each year for four years with the first withdrawal to be made today and each subsequent withdrawal at one-year intervals? (The balance in the bank account should be zero after the fourth withdrawal.) A) ($5,000 x 0.909) + ($5,000 x 0.826) + ($5,000 x 0.751) + ($5,000 x 0.683) B) $5,000 / 0.909 x 4 C) $5,000 + ($5,000 x 0.909) + ($5,000 x 0.826) + ($5,000 x 0.751) D) $5,000 / 0.683 x 4

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