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If you owe $32,000 payable at the end of five years, what amount should your...

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Accounting

If you owe $32,000 payable at the end of five years, what amount should your creditor accept in payment immediately if she could earn 12 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
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