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Q #2 a. What is the present value of $3,000 received 5 years from now, assuming 20% interest? b. What is the present value

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Q #2 a. What is the present value of $3,000 received 5 years from now, assuming 20% interest? b. What is the present value of an annuity of $50,000 received over 20 years, assuming 9% interest? c. What is the future value of $12,000, invested now at 10%, at maturity in 3 years? d. What is the future value of an annuity of $7,500, invested at 12%, at maturity in 5 years?

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