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What is the present value of a security that will pay $ 1 2 , 0 0 0 in 2 0 years if securities of

What is the present value of a security that will pay $12,000 in 20 years if securities of equal risk pay 8% annually? Do not round intermediate calculations. Round your answer to the nearest cent. Anwsers that were incorrect: 55,931.5 & 2,574.6. Please Help

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