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An investment will pay you $ 4 9 , 0 0 0 in 1 0 years. If the appropriate discount rate is 7 . 6

An investment will pay you $49,000 in 10 years. If the
appropriate discount rate is 7.6 percent compounded daily, what is
the present value? (Use 365 days a year. Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.)

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