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A financial security makes two separate payments. One payment occurs 5 years from today and is $ 5 , 5 0 0 , and the

A financial security makes two separate payments. One payment occurs

5

years from today and is $

5, 500,

and the other payment is in

10

years and will be $

10, 500 .

If the interest rate is

5 %,

what is the present value for this security?

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