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Your local travel agent is advertising an extravagant global vacation. The package deal requires that you pay $5,000 today, $15,000 one year from today, and a final payment of $25,000 on the day you leave two years from today. What is the cost of this vacation in today's dollars if the discount rate is 6%?

$39,057.41

$44,414.14

$43,082.39

$46,518.00

$41,400.85

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91674476

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