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14. What is the present value of $259,700 that is to be received at the end of 23 years, (you put in the years) if

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14. What is the present value of $259,700 that is to be received at the end of 23 years, (you put in the years) if the discount rate is 7.1% percent, and semiannual discounting occurs? 15. How would your answer (above \#14) change if monthly discounting were used

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