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Problem 2-8 Discount factors a. If the present value of $156 is $142, what is the discount factor? Note: Round your answer to 4 decimal

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Problem 2-8 Discount factors a. If the present value of $156 is $142, what is the discount factor? Note: Round your answer to 4 decimal places. b. If that $156 is recelved in year 5 , what is the interest rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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