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What is the present value of a $1000 future amount received in 14 years if the appropriate discount rate is 7.5% APR? (FYI: This problem

What is the present value of a $1000 future amount received in 14 years if the appropriate discount rate is 7.5% APR? (FYI: This problem computes the value of a 14 year, $1000 zero coupon bond, although it is phrased in time value of money language, rather than bond language.) Answer to 2 decimal points.,

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