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Answer the following: 1. Assume that the average level of market interest rates is 5%. Use present value calculations to answer the following: a. Would

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Answer the following: 1. Assume that the average level of market interest rates is 5%. Use present value calculations to answer the following: a. Would you rather have $300 today or receive $305 in one year? b. Would you rather have $300 today or $315 in one year? c. Would you rather receive $600 in one year or $675 in two years

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