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your firm is concerned about a financial obligation of $19 million coming due in 6 years. if your firm could earn 6.5% APR on an
your firm is concerned about a financial obligation of $19 million coming due in 6 years. if your firm could earn 6.5% APR on an investement how much would your firm have to invest today to finance the future $19 million obligation? (in other words what is the PV of $19 M due 6 years from now if the interest rate is 6.5%) assume annual compounding.
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