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Find the Present Value: an investor is looking for a short-term investment that will ...

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Finance

Find the Present Value: an investor is looking for a short-term investment that will
yield him $15,000 over the next 4 years. He can secure a 6.5% APR
compounded monthly. How much money must be invested today as a lump sum
in order to yield $15,000 in 4 years.

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