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You will receive $8,000 three years from now. The discount rate is 8 percent. c. What is the value of your investment today? Multiply your

You will receive $8,000 three years from now. The discount rate is 8 percent.

c. What is the value of your investment today? Multiply your answer to part b by (1/1.08). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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