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A. What is the present value of $600 to be received 9 years from now discounted back to the present at 11 percent? B. At

A. What is the present value of $600 to be received 9 years from now discounted back to the present at 11 percent?

B. At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $1934.82 in 15 years?

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