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How much must be invested now to receive $16,000 for ten years if the first $16,000 is received today and the rate is 12% ?

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How much must be invested now to receive $16,000 for ten years if the first $16,000 is received today and the rate is 12% ? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Click here to view factor tables

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