What is the present value of the payment

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Reference no: EM13945002

Seamus Finnigan has the opportunity to receive $18,000 now or $25,000 in 4 years. If Seamus can earn 5 percent on his investments, what is the present value of the $25,000 payment (rounded to the nearest dollar)?

$21,879

$30,389

$25,000

$14,809

$20,568

$18,000

Reference no: EM13945002

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