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7) If you expect to receive $67885 for an investment that matures in 16 years time, and you require a 16.6 percent return, what is

7) If you expect to receive $67885 for an investment that matures in 16 years time, and you require a 16.6 percent return, what is the present value? (Please enter your answer to the nearest dollar and exclude using "$" or "," symbols etc.)

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