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explain and solve please What is the present value of the $10,850 you have to repay a year from now if the discount rate is

explain and solve please
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What is the present value of the $10,850 you have to repay a year from now if the discount rate is 7 percent? If it is 8.5 percent? If it is 10 percent? What is the net present value of $10,000 borrowed at an 8.5 percent interest rate at each of these discount rates

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