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Please #19 LO 4 LO 4 18. Calculating Present Values An investment will pay you $100,000 in 9 years. If the appropriate discount rate is

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LO 4 LO 4 18. Calculating Present Values An investment will pay you $100,000 in 9 years. If the appropriate discount rate is 5.5 percent compounded daily, what is the present value? 19. EAR versus APR Ricky Ripov's Pawn Shop charges an interest rate of 12.1 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers. What rate should the shop report? What is the effective annual rate

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