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Need help asap (a) What is the present value of a 3-year annuity of $100 given a discount rate of 10%? (b) Show that if
Need help asap
(a) What is the present value of a 3-year annuity of $100 given a discount rate of 10%? (b) Show that if you invest the amount you computed in (a), that you would be able to withdraw $100 per year for 3 years. (Total: 5 marks) Step by Step Solution
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