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An investment will pay you $ 1 4 , 0 0 0 in 1 6 years. The stated interest rate is 9 % ( APR

An investment will pay you $

14, 000

16

years. The stated interest rate is

9 % (

APR

) .

If interest is compounded continuously, what is the present value?

Enter your response below rounded to two decimal places.

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