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1. (Present value) IF the discount rate is 10.6% what would you be willing to pay for receiving a payment of $17,000 every year forever

1. (Present value) IF the discount rate is 10.6% what would you be willing to pay for receiving a payment of $17,000 every year forever starting one year from now.

2. (Present Value) You plan to buy a video camera for $1,221 after one and a half years. If the annual interest rate is 13.4% compounded every month, how much money should you set aside today for the purchase?

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