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Let us assume that Paulie will receive a one-time payment of $58,000 seven years from now. Assuming the interest rate of 10.4% a year and

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Let us assume that Paulie will receive a one-time payment of $58,000 seven years from now. Assuming the interest rate of 10.4% a year and that it will compound semiannually, what's the present value of the $58,000 that will be received? $27,235.35 O $29,125.24 $28,363.24 $28,523.82

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