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P5-10 Present value calculation Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given

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P5-10 Present value calculation Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given discount rate, r, and the number of periods, n, to calculate the present value of $1 in each of the cases shown in the following table Opportunity cost, r 2% 10% 5% 13% Number of periods, n 4 2 3 2

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