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b . Determine the present value of $ 1 0 0 . 0 0 0 to be received in the future in the following situations.

b. Determine the present value of $100.000 to be received in the future in the following situations. In each case assume that the annual interest rate is 5%:
i. Payment is received at the end of one year's time given annual compounding,
ii. Payment is received at the end of ten years' time given annual compounding,
iii. Payment is received at the end of one year's time given quarterly compounding (i.e. every three months),
iv. Payment is received at the end of ten years' time given quarterly compounding (i.e. every three months),
v. Payment is received at the end of one year's time given continuous compounding,
vi. Payment is received at the end of ten years' time given continuous compounding.
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