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A 100 dollar cash payment in 20 years and a discount rate of 5 percent gives you a specific present value. Consider instead a cash
A 100 dollar cash payment in 20 years and a discount rate of 5 percent gives you a specific present value. Consider instead a cash flow for 10 years and a discount rate of 10 percent. What would the payment need to be for the present values of the two cash flows to be the same?
A)100
B)97.76
C)96.80
D)103.21
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