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4) What is the present value of ( $ 14,000 ) received: (a) 12 years from today when the interest rate is 4% per year.

4) What is the present value of \( \$ 14,000 \) received: (a) 12 years from today when the interest rate is 4\% per year. \( \$ \) (Round to the nearest dollar) (b) 20 years from today when the interest 2 answers

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