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21. What's the present value of $25,000 received after 5 years if the appropriate interest rate is 10%, compounded annually? O a) $13,620 O b)

21. What's the present value of $25,000 received after 5 years if the appropriate interest rate is 10%, compounded annually? O a) $13,620 O b) $19,690 O c) $1,670 O d) $15,523 O e) None of the above

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