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Suppose you have an offer of $15,000 one year from now at a discount rate is 12% per year nominal annual rate compounded monthly. What

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Suppose you have an offer of $15,000 one year from now at a discount rate is 12% per year nominal annual rate compounded monthly. What is the present value of that offer? $13,392.76 $13,311.74 $16,800 Impossible to determine from the information provided

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