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1. What is the value today of $12,000 to be received in 11 years if the interest rate is 4% compounded annually7? Round to the

1. What is the value today of $12,000 to be received in 11 years if the interest rate is 4% compounded annually7?

Round to the nearest 0.01.

2. Given the same, positive interest rate, $10,000 received in 20 years is less valuable than $10,000 received in 30 years.

Group of answer choices

True

False

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