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Finance question: 1.a) Mejias grandmother plans on giving him $25,000 at the end of each year for the next 9 years. Assuming a discount rate

Finance question:

1.a) Mejias grandmother plans on giving him $25,000 at the end of each year for the next 9 years. Assuming a discount rate of 7%, what is the present value of this sum?

b) If Leslys grandmother will give him $5,000 at the beginning of each year for the next 10 years, what is the present value of this sum if the discount rate is 10%?

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