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2. Calculate the present values of the following cash flows: (a) $60,000 to be received in 8 years at a discount rate of 7%. (b)

2. Calculate the present values of the following cash flows: (a) $60,000 to be received in 8 years at a discount rate of 7%. (b) $50,000 to be received in 9 years at a discount rate of 6%

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