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4. Find the present value equivalent of $50,000 you expect to receive five years from now under each of the following discount rates a) 12
4. Find the present value equivalent of $50,000 you expect to receive five years from now under each of the following discount rates
a) 12 percent interest, compounded annually
. b) 12 percent interest, compounded semiannually
. c) 12 percent interest, compounded quarterly.
d) 12 percent interest, compounded monthly.
e) 12 percent interest, compounded continuously.
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