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Suppose you will receive $15,000 in 8 months and another $11,000 in 19 months. If the discount rate is 5% per annum (compounding monthly) for
Suppose you will receive $15,000 in 8 months and another $11,000 in 19 months. If the discount rate is 5% per annum (compounding monthly) for the first 11 months, and 13% per annum (compounding monthly) for the next 8 months, what single amount received today would be equal to the two proposed payments? (answer to the nearest whole dollar; don't include the $ sign or commas)
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