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1) What would the present value be of $1,250 to be received 8 years from now discounted back at 4.5%? 2) Dom Smith sold 11

1) What would the present value be of $1,250 to be received 8 years from now discounted back at 4.5%?

2) Dom Smith sold 11 handbags in May of 2021. If his sales output grew at a rate of 7% per month, what would it be over each of the following 5 months? 20pts

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