Question: Finance, problem 5.02.................present PRESENT VALUE What is the present value of a security that will pay $36,000 in 20 years if securities of equal risk

Finance, problem 5.02.................present

PRESENT VALUE What is the present value of a security that will pay $36,000 in 20 years if securities of equal risk pay 4% annually? Round your answer to the nearest cent. $

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