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A payment of $2000 is to be made at time 9 years. Determine the present value of this payment at time 0 and at time
A payment of $2000 is to be made at time 9 years. Determine the present value of this payment at time 0 and at time 5 years in each of the following interest scenarios. (A) The annual effective interest rate is 5%. time - X time 5 () The annual simple interest rate is 5% time - time 5
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