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Find the present value of 1,400,000 if interest is paid at a rate of 7.7% compounded monthly for 10 years. The present value is $__. Round to the nearest cent as needed.
Please write the problem solution in the solution text box; do not attach files.
Also, do not post short title without the actual solution (to be appended later). Post the answer right away. I need the answers with all the steps (including equations) shown. Do not include the Problem text before your answer unless you are quoting it in the answer you provide.
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