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2. The annual interest rate is 7%. a. What is the present value (PV) of $1,000 that you'll receive in 10 years? b. If you
2. The annual interest rate is 7%. a. What is the present value (PV) of $1,000 that you'll receive in 10 years? b. If you invest the amount found in part 1 now, how much will you have after 10 years? c. If you invest $508.35 now, how much will you have after 5 years? d. If you invest the amount found in part 3 for another 5 years, how much will you have at the end
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