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8. What is the present value of $11,000 received a. 10 years from today when the interest rate is 8% per year? b. 20 years

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8. What is the present value of $11,000 received a. 10 years from today when the interest rate is 8% per year? b. 20 years from today when the interest rate is 16% per year? c. 5 years from today when the interest rate is 4% per year

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