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Question 1 1 pts What is the present value of $1000 that your grandparents promised to give you as a birthday present in 2 years

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Question 1 1 pts What is the present value of $1000 that your grandparents promised to give you as a birthday present in 2 years if the appropriate discount rate is 2% a year? O 1318.26 O 1040.40 961.54 O 961.17

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