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What is the present value of a security that will pay $3,000 in 30 years if securities of equal risk pay 12 percent annually?

What is the present value of a security that will pay $3,000 in 30 years if securities of equal risk pay 12 percent annually? Oa. $2,275.03 Ob. $7,800.00 Oc. $2,678.57 Od. $89,879.77 e. $100.13.

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