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Tom agrees to buy a property. He will pay the seller $30,000 today, $40,000 in two years, and $60,000 in four years. If the interest

Tom agrees to buy a property. He will pay the seller $30,000 today, $40,000 in two years, and $60,000 in four years. If the interest rate is 4% compounded quarterly for the first two years, and 6% compounded monthly for the last two years, what is the present value of his offer.

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