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a. In Goodonya, interest rates are currently 5% per year. At an interest rate of 5%, in six years, what will be the value of

a. In Goodonya, interest rates are currently 5% per year. At an interest rate of 5%, in six years, what will be the value of $1.00 invested today?

b. Once again in Goodonya, where interest rates have just risen to 6%, youre offered $11.82 nine years from today. What is the present value of this amount?

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