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1. What is the present worth of a future cost of $162,000 to Corning, Inc., 6 years from now at a compound interest rate of

1. What is the present worth of a future cost of $162,000 to Corning, Inc., 6 years from now at a compound interest rate of 8% per year?

2. An investment of $600,000 increased to $1,600,000 over a 8-year period. What was the compound rate of return on the investment?

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