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1) If you receive $1,000 15 years from now, what is the PV of that $100 if you use a 7% interest or discount rate?

1) If you receive $1,000 15 years from now, what is the PV of that $100 if you use a 7% interest or discount rate?

2) If you receive $100 five years from now, what is the PV of that $100 if you use a 6% interest or discount rate?

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