Your uncle offers to sell you his vintage Rolls Royce. He suggests a payment plan...
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Your uncle offers to sell you his vintage Rolls Royce. He suggests a payment plan where you pay just $16,000 today, $7100 in 7 months and $99,000 in exactly 24 months from today. If the interest rate is 8.6% per annum compounding monthly, what is the value of the offer (in present day dollars, rounded to the nearest dollar; dont show $ sign or commas)
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