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An investment will pay you $85,000 in four years. Assume the appropriate discount rate is 7.25 percent APR compounded daily. Required: What is the
An investment will pay you $85,000 in four years. Assume the appropriate discount rate is 7.25 percent APR compounded daily. Required: What is the present value? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Use 365 days in a year. Round your answer to 2 decimal places (e.g., 32.16).) Present value
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
11th Global Edition
1292094184, 978-1292094182
