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1. Calculate the present value of 5,000,000 to be received 3 years from now discounted back to the present at 5 percent quarterly. 2. Determine
1. Calculate the present value of 5,000,000 to be received 3 years from now discounted back to the present at 5 percent quarterly.
2. Determine the present value of an ordinary annuity of 350,000 per year for 5 years discounted back to the present at an annual rate of 10 percent.
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