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P3-10 (similar to) Question Help Present value (with changing interest rates). Marty has been offered an injury settlement of $12,000 payable in 4 years. He
P3-10 (similar to) Question Help Present value (with changing interest rates). Marty has been offered an injury settlement of $12,000 payable in 4 years. He wants to know what the present value of the injury settlement is if his opportunity cost is 3%. (The opportunity cost is the interest rate in this problem.) What if the opportunity cost is 6%? What if it is 10%? If Marty's opportunity cost is 3%, what is the present value of the injury settlement? (Round to the nearest cent.) If Marty's opportunity cost is , what is the present value of the injury settlement? (Round to the nearest cent.) If Marty's opportunity cost isf%, what is the present value of the injury settlement? (Round to the nearest cent.) If Marty's opportunity cost is 5%, what is the present value of the injury settlement? (Round to the nearest cent)
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