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1: What is the present value (PV) of $350 received after 7 years when the discount rate is 7%? a)272 b)262 c)217 2: If you

1: What is the present value (PV) of $350 received after 7 years when the discount rate is 7%?

a)272

b)262

c)217

2: If you receive $100 at the end of each year for the next 5 years, what is the present value (PV) of your annuity if the interest rate is 5%?

a)433

b)500

c)525

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