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Time Value of Money: Basics Using the equations and tables in Appendix 25A of this chapter, determine the answers to each of the following independent

Time Value of Money: Basics Using the equations and tables in Appendix 25A of this chapter, determine the answers to each of the following independent situations.

Round answers to the nearest whole number. (f) Find the present value of an investment that will pay $7,000 at the end of Years 10, 11, and 12. Use a discount rate of 12 percent.

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