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Assume the interest rate is 6 % and quarterly compounding. You are going to receive $ 1 2 , 0 0 0 in ten years.

Assume the interest rate is

6 %

and quarterly compounding.

You are going to receive $

12, 000

in ten years. What is the present value?

You are going to receive $

2, 550

at the beginning of each quarter over the next ten years. What is the present value?

Draw Time Line of cash flows, describe inputs for financial calculator, and calculate answer

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