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13. An investment offers $7,000 for 15 years with the first payment occuring one year from now. If the required return is 5%, what is
13. An investment offers $7,000 for 15 years with the first payment occuring one year from now. If the required return is 5%, what is the present value of the investment? (round to the nearest dollar EXAMPLE 10,000)
13. An investment offers $7,000 for 15 years with the first payment occuring one year from now. If the required return is 5%, what is the present value of the investment?
(round to the nearest dollar EXAMPLE 10,000)
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