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17. If the interest rate this year is 8 percent and the interest rate next year will be 10 percent, what is the present value

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17. If the interest rate this year is 8 percent and the interest rate next year will be 10 percent, what is the present value of a payment of $1 to be received in 2 years? (Hint: use 4 decimal places for your calculations.) A. $1.1886. B. $1.8417 C. $0.9562. D. S0.7854 E. None of the above

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