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1. At what approximate discount rate would $10,000 received in 5 years be worth $5,000 today? 2.How many years would you need to receive $1,000

1. At what approximate discount rate would $10,000 received in 5 years be worth $5,000 today?

2.How many years would you need to receive $1,000 to be worth $10,000 today assuming a 5% discount rate ?

3. If you place $10 into a savings account and you know it will earn 10%, what is the future value of the $10 ?

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