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1. Compute the present value of an $900 payment made in 9 years when the discount rate is 11 percent. (Do not round intermediate calculations

Compute the present value of an $900 payment made in 9 years when the discount rate is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Present value

What is the present value of a $430 payment in one year when the discount rate is 10 percent? (Round your answer to 2 decimal places.)

Present value	$

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