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2.8: Assuming that today's date is 1 January 2018, calculate the present value of each of the following: (a) 50,000 to be received on 1

2.8: Assuming that today's date is 1 January 2018, calculate the present value of each of the

following:

(a) 50,000 to be received on 1 January 2021

(b) 100,000 to be received on 1 January 2023

Use a discount rate of 7% in each case.

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