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14. What is the present value of $13,000 received in 7 years with the interest rate of |15% p.a. compounded (a) annually, (b) sem i-annually,

14. What is the present value of $13,000 received in 7 years with the interest rate of |15% p.a. compounded (a) annually, (b) sem i-annually, (c) quarterly, (d) monthly, (e) weekly, (1) daily

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