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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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