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Use a financial calculator or computer software program

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Use a financial calculator or computer software program to answer the following questions:

a. What is the present value of $359,000 that is to be received at the end of twenty-three years, the discount rate is 11 percent, and semiannual discounting occurs?

b. How would your answer for (a) change if monthly discounting were used?

Reference no: EM13124169

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