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A debt of $10,000 is carrying interest at 2%/year compounded semi-annually and is due in 43 years. The market interest rates on such a debt

A debt of $10,000 is carrying interest at 2%/year compounded semi-annually and is due in 43 years. The market interest rates on such a debt are currently of 1.9%/year compounded monthly. Determine the present value of the debt.

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