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Assume that you will receive $25,000 at the end of 3 years. If you had the money today, you could invest it at 5% per

Assume that you will receive $25,000 at the end of 3 years. If you had the money today, you could invest it at 5% per year, compounded semiannually. What is the present value of the $25,000?

A.
$21,595.94

B.
$21,557.42

C.
$21,537.72

D.
$18,655.38

E.
None of the above.

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