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1. What is the present value of a 50,000 to be received by 10 years from now discounted back to the present at 12 percent

1. What is the present value of a 50,000 to be received by 10 years from now discounted back to the present at 12 percent semi-annually?

2. YOU LEND A FRIEND 1,000,000, FOR WHICH YOUR FRIEND WILL REPAY YOU 2,702,700 AT THE END OF 5 YEARS. WHAT INTEREST RATE ARE YOU CHARGING YOUR FRIEND?

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