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

Present value calculation. Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given opportunity cost, r, and the number of periods, n, to calculate the present value of $1 in each of the cases shown in the following table.

Case

Opportunity cost, r

Number of periods, n

A

2%

4

B

10

2

C

5

3

D

13

2

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