Question: 2. Problem 5.02 (Present Value) EE eBook What is the present value of a security that will pay $19,000 in 20 years if securities of

 2. Problem 5.02 (Present Value) EE eBook What is the present

2. Problem 5.02 (Present Value) EE eBook What is the present value of a security that will pay $19,000 in 20 years if securities of equal risk pay 8% annually? Do not round intermediate calculations. Round your answer to the nearest cent. $

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