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What is the present value of an investment that is expected to pay $24,000 at the end of three years if the appropriate discount rate

What is the present value of an investment that is expected to pay $24,000 at the end of three years if the appropriate discount rate is 14%?

Select one:

a. $24,000.00

b. $35,557.06

c. $16,199.32

d. $18,573.06

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