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What single amount received today

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Suppose you will receive $13,000 in 9 months and another $14,000 in 22 months. If the discount rate is 7% per annum (compounding monthly) for the first 12 months, and 14% per annum (compounding monthly) for the next 10 months, what single amount received today would be equal to the two proposed payments?

Reference no: EM131947769

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