Question: < Back to Assignment Attempts: 0 2. Problem 5.02 Keep the Highest: 0/1 Click here to read the eBook: Present Values Problem Walk-Through PRESENT

VALUE What is the present value of a security that will pay

< Back to Assignment Attempts: 0 2. Problem 5.02 Keep the Highest: 0/1 Click here to read the eBook: Present Values Problem Walk-Through PRESENT VALUE What is the present value of a security that will pay $29,000 in 20 years if securities of equal risk pay 9% annually? Round your answer to the nearest cent. $

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