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Compute the present value of $25,000 to be received in 20 years if the APR interest of 15% per year is compounded (a) annually, and (b) quarterly.

Subject Category
Corporate Finance

Question Details

Compute the present value of $25,000 to be received in 20 years if the APR interest of 15% per year is compounded (a) annually, and (b) quarterly.

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