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An investment will pay you $85,000 in four years. Assume the appropriate discount rate is 7.25 percent compounded daily. What is the present value?

An investment will pay you $85,000 in four years. Assume the appropriate discount rate is 7.25 percent compounded daily. What is the present value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Present value

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