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Apex capital management is selling a security that makes the following payments: $14,000 5 years from today and $25,000 13 years from today. The purchaser
Apex capital management is selling a security that makes the following payments: $14,000 5 years from today and $25,000 13 years from today. The purchaser of the security will pay $7,000 1 year from today and the remaining amount is due immediately (today). Find the remaining amount that the purchaser will have to pay today if the interest rate is 4.41% p.a.
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