What is the present value of a security that will pay $40,000 in 20 years if securities of equal risk pay 6% annually? Round your answer to the nearest cent.
What is the present value of a security that will pay $40,000 in 20 years if securities of equal risk pay 6% annually? Round your answer to the nearest cent.
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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