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3. If the interest rate this year is 3.% and the interest rate next year will be 10.6%, what is the future value at $1

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3. If the interest rate this year is 3.% and the interest rate next year will be 10.6%, what is the future value at $1 after 2 years? What is lire present value at a payment at $1 tl he received in 2 years? (Du not raund intermediate calculatinns. Round your answers tn 4 decimal places.) Future value $ I Present value $

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