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An investment will pay you $20,000 in 7 years. The appropriate discount rate is 7 percent compounded daily. Required: What is the present value? $12,454.99

An investment will pay you $20,000 in 7 years. The appropriate discount rate is 7 percent compounded daily.

Required:

What is the present value?

$12,454.99

$12,865.76

$11,640.45

$12,253.10

$12,620.70

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