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  3. an investment will pay you $87,000 in five years.

An investment will pay you $87,000 in five years. Assume the appropriate discount rate is...

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Question

Accounting

An investment will pay you $87,000 in five years. Assume the appropriate discount rate is 7.75 percent compounded daily.

Required:

What is the present value

Answer & Explanation Solved by verified expert
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