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10. What is the present value of $15,500 to be received 12 years from today? Assume a discount rate of 7.5% compounded annually and round

10. What is the present value of $15,500 to be received 12 years from today? Assume a discount rate of 7.5% compounded annually and round to the nearest $1. $5,790 $6,508 $7,210 $9,010

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