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3a. What's the present value of $100 due in 3 years if the appropriate interest rate is 8%, compounded annually? 8% $0 $100 PMT FV

3a. What's the present value of $100 due in 3 years if the appropriate interest rate is 8%, compounded annually? 8% $0 $100 PMT FV 3b. Compounded monthly? 36 1% S0 $100 PMT FV

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