What is present value-assume the appropriate discount rate

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An investment will pay you $91,000 in five years. Assume the appropriate discount rate is 6.25 percent compounded daily.

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What is the present value? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Use 365 days in a year. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13807987

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