An investment will pay you $47,000 in 11 years. If the appropriate - 15607

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An investment will pay you $47,000 in 11 years. If the appropriate discount rate is 7.4 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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Explanation: