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Question 1 10 pts Use the Formula to calculate what would be the Present Value today of a single payment of $700, 8 years in

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Question 1 10 pts Use the Formula to calculate what would be the Present Value today of a single payment of $700, 8 years in the future. Assume the interest rate is 2%. $[a] Answer to one decimal place. No units. D Question 2 10 pts We want to use Table 3 to calculate what would be the Present Value (PV) today of a single payment of $800, 8 years in the future, assuming the interest rate is 2%. From Table 3 the Present Value Factor is|I answer to 4 decimal places) Using the PV Factor you identified from Table 3 the PV today of a single payment of $800, 8 years in the future, assuming the interest rate is 2% is $ Answer to one decimal place. No units. D Question 3 10 pts Use the Formula to calculate what would be the Present Value today of a single payment of $9,000, 3 years in the future. Assume the interest rate is 7%. $[a] Answer to one decimal place. No units

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