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PROBLEM 6 (15 Points) Your grandfather would like to share some of his fortune with you. He offers to give you money under three different

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PROBLEM 6 (15 Points) Your grandfather would like to share some of his fortune with you. He offers to give you money under three different scenarios. a. S10,500 per year at the end of each year for the next 10 years. b. S60,000 right novw c. $120,000 at the end of 12 years REQUIRED: Calculate the Present value of each alternative using an 8.5% discount rate. PROBLEM 7 (5 Points) What interest rate compounded semi-annually is required to attain S750,000 at the end of 10 years if you start with S10,000

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