What is the value of an investment

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What is the value of an investment that pays $48,000 every other year forever, if the first payment occurs one year from today and the discount rate is 18 percent compounded daily? What is the value today if the first payment occurs four years from today? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Reference no: EM13294756

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