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An investment will pay you $21,000 in 9 years. The appropriate discount rate is 11 percent compounded daily. What is the present value? a. $7,414.06

An investment will pay you $21,000 in 9 years. The appropriate discount rate is 11 percent compounded daily. What is the present value? a. $7,414.06 b. $8,194.49 c. $8,038.40 d. $8,209.42 e. $7,804.27

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