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An investment will pay you $23,000 in 5 years. The appropriate discount rate is 6 percent compounded daily. What is the present value? Multiple Choice

An investment will pay you $23,000 in 5 years. The appropriate discount rate is 6 percent compounded daily. What is the present value?

Multiple Choice

$17,891.20
$17,550.42
$16,187.28
$17,039.24
$17,186.94

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