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The present value of an amount of $32,000 in 3 years time, if the appropriate rate is 8.6% per annum compounding annually, is closest to:

The present value of an amount of $32,000 in 3 years time, if the appropriate rate is 8.6% per annum compounding annually, is closest to: Select one: a. $24857 b. $24791 c. $24984 d. $40986

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