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Computing the Present Value of a Single Amount Depp is reviewing an investment that...

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Accounting

Computing the Present Value of a Single Amount

Depp is reviewing an investment that will provide a payout of $30,000 in five years. If Depp considers a 7% interest rate (compounded annually) acceptable, what amount is Depp willing to pay for the investment today?

  • Round answer to the nearest whole dollar.
  • Do not use a negative sign with your answer.

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