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3. Assume the interest is 6% The present value today of $100 received in 6 months from now is: (hint: use the arithmetic approach of

3. Assume the interest is 6% The present value today of $100 received in 6 months from now is: (hint: use the arithmetic approach of dividing the rate, not the geometric one). (2 Points) $79 $97 O $103
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3. Assume the interest is 6% The present value today of $100 received in 6 months from now is: (hint: use the arithmetic approach of dividing the rate, not the geometric one). (2 Points) $79 $97 $103

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