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1. What is the Present Value of a $1,000 payment due in 10 years with a stated annual rate of return of 8%? 2. What

1. What is the Present Value of a $1,000 payment due in 10 years with a stated annual rate of return of 8%? 2. What is the Future Value of $1,000 in 6 years, assuming an annual rate of return of 5%? Help: FV = PV (1 + i)^n PV = FV x 1/(1 + i) n

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