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2. Problem 5.02 (Present Value) eBook What is the present value of a security that will pay $20,000 in 20 years if securities of equal

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2. Problem 5.02 (Present Value) eBook What is the present value of a security that will pay $20,000 in 20 years if securities of equal risk pay 7% annually? Do not round intermediate calculations. Round your answer to the nearest cent. $

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