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6. What is the present value (PV) of each of the following investments? a. $1,000,000 due (to be received) in 10 years discounted at

6. What is the present value (PV) of each of the following investments? a. $1,000,000 due (to be received) in 10 years discounted at a 10 percent annual rate. b. $75,000 due (to be received) in 20 years at a 10 percent annual rate, with semi-annual discounting.

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