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You will receive a gift of $31,110 in 15 years. If the correct discount rate is 8 percent, what is the present value of your
You will receive a gift of $31,110 in 15 years. If the correct discount rate is 8 percent, what is the present value of your gift? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.
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