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You are considering an investment that will return $34,000 in exactly 22 years. The discount rate is 14% per year with continuous compounding/discounting. What is
You are considering an investment that will return $34,000 in exactly 22 years.
The discount rate is 14% per year with continuous compounding/discounting.
What is the present value of this investment?
a) $1,781
b) $1,371
c) $1.328
d) $1,563
e) $739,786
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