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please answer and show work thank you 5. [10 points] Calculate the present value of the following expenses, assuming a discount rate of 8%. a)

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5. [10 points] Calculate the present value of the following expenses, assuming a discount rate of 8%. a) $100 spent 10 years from now b) $30 spent 2 years from now c) a sum of expenses: $100 in year 1 $300 in year 2 $200 in year 3 $150 in year 4 $50 in year 5

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