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Explain the differences in how to compute the PV of : a) a single lump-sum deposit needed in 10 years, b) a 30-year, fixed-rate mortgage
Explain the differences in how to compute the PV of :
a) a single lump-sum deposit needed in 10 years,
b) a 30-year, fixed-rate mortgage loan, and
c) a lottery to pay the winner with perpetual, fixed payments
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