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PRESENT VALUE BEYOND ONE PERIOD Suppose you need $1,000 in three years. You can earn 15% on your money. How much do you have to

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PRESENT VALUE BEYOND ONE PERIOD Suppose you need $1,000 in three years. You can earn 15% on your money. How much do you have to invest today? (In other words, what is the present value of $1,000 in three years at 15%?)

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