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If the market rate of interest is 8 percent, what is the present discounted value of $1,000 that will be paid in Instructions: Enter your

If the market rate of interest is 8 percent, what is the present discounted value of $1,000 that will be paid in Instructions: Enter your responses rounded to two decimal places. (a) 1 year? $925.93 (b) 5 years? $ (c) 10 years? $

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