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Calculate the present value of the following based on simple interest fv (future value) n (number of period) - Year r(rate of interest) pv (present
Calculate the present value of the following based on simple interest
| fv (future value) | n (number of period) - Year | r(rate of interest) | pv (present value |
|
1. | $1,000 | 2 | .04 | ? |
|
2. | $1,000 | 5 | .07 | ? |
|
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