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Discounting: What is today's value of $100, which you will receive in 3 years and 9 months, if you apply a discount rate of 5%.

Discounting: What is today's value of $100, which you will receive in 3 years and 9 months, if you apply a discount rate of 5%.

2)   Compounding: You deposit $100 in a Discover bank account that earns a 10% CAGR. After 3 years and 3 months, how much money would be in the account?

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