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Please show all steps Intro Assume the annual discount rate is 14%. Part 1 What is the present value of $2,500 that will be received
Please show all steps
Intro
Assume the annual discount rate is 14%.
Part 1
What is the present value of $2,500 that will be received on this day (May-XX) in the year 2032?
Note: You do not need to worry about an extra day's worth of discounting or anything like that. This question is fairly straightforward.
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