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Your grandparents were frugal people and decided to help you save for future. However, they weren’t very good with knowing when you’ll need the money, so they decided to put it into an account that can’t be touched for 30 years. The investment is expected to yield $50,000 when it matures in 10 years. If the current interest/discount rate is 7%, what is the present value?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92258892

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