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An investment will pay you $24,000 in 10 years. The appropriate discount rate is 7 percent compounded daily. Required: What is the present value ANSWER

An investment will pay you $24,000 in 10 years. The appropriate discount rate is 7 percent compounded daily.

Required:

What is the present value

ANSWER CHOICES

12,514.79
$12,276.41
$11,322.90
$11,918.85
$12,200.38

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