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Compute the present value of a $120 cash flow for the following combinations of discount rates and times. (Do not round intermediate calculations. Round your
Compute the present value of a $120 cash flow for the following combinations of discount rates and times. (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. r= 12%; t= 8 years Present value b. r= 12%; t = 16 years Present value c. r= 6%; t = 8 years Present value d. r= 6%; t = 16 years
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