Compute the present value of the following single amounts to be received at the end of the specified period at the given interest rate.
Definitions:
Agent
An individual or entity authorized to act on behalf of another (the principal) in dealings with a third party.
Owner
An individual or entity that legally possesses property, rights, or titles.
Authority
The legal power or right given to an individual or entity to act on behalf of another or make decisions within certain guidelines or scopes.
Specified Time
A clearly defined or established period within which something is supposed to happen or be completed.
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