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An investment will pay you $16,000 in 8 years. The appropriate discount rate is 7 percent compounded daily. What is the present value? Multiple Choice

An investment will pay you $16,000 in 8 years. The appropriate discount rate is 7 percent compounded daily. What is the present value? Multiple Choice $9,139.84 $9,312.15 $8,682.84 $9,596.83 $9,414.03

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