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Calculating Present ValuesAn investment will pay you $65,000 in 11 years. If the appropriate discount rate is 7.1 percent compounded monthly, what is the present
Calculating Present ValuesAn investment will pay you $65,000 in 11 years. If the appropriate discount rate is 7.1 percent compounded monthly, what is the present value? Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive.
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