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1. What is the present value of $84,000 to be received in 5 years discounted at 11% ? 2. Mr. Nathan a total of $3,060

1. What is the present value of $84,000 to be received in 5 years discounted at 11% ?

2. Mr. Nathan a total of $3,060 which includes 12% interest for the three years he borrowed the money. How much did he originally borrow?

3. If we want $2,000 three years from now and the yearly interest rate (compounded semiannually) is 8%, how much should we invest today?

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