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Q10 Alex is selling his sailboat and has received an offer of $6,000 now plus an additional $5,000 in 6 months. Using a discount rate

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Q10

Alex is selling his sailboat and has received an offer of $6,000 now plus an additional $5,000 in 6 months. Using a discount rate of 3% compounded monthly (j12), calculate the value of the offer in today's dollars. Round you answer to 2 decimal places

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