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An investment wil pay you $ 2 4 , 8 0 0 in 1 3 years. The stated interest rate is 7 % ( APR

An investment wil pay you $

24, 800

13

years. The stated interest rate is

7 % (

APR

) .

If interest is compounded semi

-

annually, what is the present value?

Enter your response below rounded to two decimal places.

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