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What is the present value of a security that promises to pay you $5,000 in 20 years? Ass

2 What is the present value of a security that promises to pay you $5,000 in 20 years? Assume that you can earn 7 percent if you were to invest in other securities of equal risk. If you deposit money today into an account that pays 6.5 percent interest, how long will it take for you to double your money?

Nov 23 2019 View more View Less

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