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Hansi is promised to receive $78 in 8 years. Hansi, being profligate, prefers to spend this promised amount of money today. What is the equivalent

Hansi is promised to receive $78 in 8 years. Hansi, being profligate, prefers to spend this promised amount of money today. What is the equivalent present value of the settlement if the interest rate is 4.00% ?

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