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Homework: Chapter 5 HW Save Score: 0 of 1 pt 9 of 17 (4 complete) HW Score: 23.53%, 4 of 17 pts Problem 5-5 (similar
Homework: Chapter 5 HW Save Score: 0 of 1 pt 9 of 17 (4 complete) HW Score: 23.53%, 4 of 17 pts Problem 5-5 (similar to) Question Help (Present value) What is the present value of the following future amounts ? a. $900 to be received 9 years from now discounted back to the present at 9 percent b. $400 to be received 7 years from now discounted back to the present at 9 percent c. $1,200 to be received 11 years from now discounted back to the present at 3 percent d. $1,050 to be received 5 years from now discounted back to the present at 19 percent a. What is the present value of $900 to be received 9 years from now discounted back to the present at 9 percent? $ (Round to the nearest cent.)
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