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Calculate the present value of the following cash flows discounted at 10 percent. a. $1,000 received seven years from today. b. $2,000 received one year

Calculate the present value of the following cash flows discounted at 10 percent.

a. $1,000 received seven years from today.

b. $2,000 received one year from today.

c. $500 received eight years from today.

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