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(3A) Derive the present value of the future value S = 50,000 that is to realise at the end of 3 years, with the

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(3A) Derive the present value of the future value S = 50,000 that is to realise at the end of 3 years, with the annual interest of 5%. Express your answers up to two dismal points. (1) (ii) Compounded annually. Compounded quarterly. * 3 marks 5 marks

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