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Derek has the opportunity to make an investment today. The investment will pay Derek $51,000.00 exactly sixteen years from today. Assuming that Derek believes the

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Derek has the opportunity to make an investment today. The investment will pay Derek $51,000.00 exactly sixteen years from today. Assuming that Derek believes the appropriate discount rate is 10% p.a., he should be willing to pay $ for this investment today. 01099.09 O 12.961.91 O 15,425.35 O 10,090,08 0 13,429.89

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