An investment will pay you 50000 in 11 years if the


An investment will pay you $50,000 in 11 years. If the appropriate discount rate is 7.7 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Accounting: An investment will pay you 50000 in 11 years if the
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