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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
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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 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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