Compute the present value of the investment described. Interpret the result. 1. (F V=$ 10,000, t=15) years,
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Compute the present value of the investment described. Interpret the result.
1. \(F V=\$ 10,000, t=15\) years, annual simple interest rate of \(5.5 \%\)
2. \(F V=\$ 150,000, t=20\) years, annual simple interest rate of \(6.25 \%\)
3. \(F V=\$ 250,000, t=486\) months, annual simple interest rate of \(4.75 \%\)
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