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You are to receive $50,000 10.25 years from now. If the quoted annual rate (APR) is 9.25%, what is the present value of that amount

You are to receive $50,000 10.25 years from now. If the quoted annual rate (APR) is 9.25%, what is the present value of that amount assuming continuous compounding?

a. $19,373.34

b. $16,134.72

c. $20,922.95

d. $25,988.50

e. $15,908.75

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