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Hansi is promised to receive $95 in 5 years. Hansi, being profligate, prefers to spend this promised amount of money today. What is the equivalent
Hansi is promised to receive $95 in 5 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 6.00%? Place your answer in dollars and cents. Do not include a dollar sign or a comma in your answer. Work your analysis using at least four decimal places of accuracy.
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