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Question 5) What is the present value of $1,000 received in 2 years if the interest rate is 8%? 12%? Write the formula and calculate.

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Question 5) What is the present value of $1,000 received in 2 years if the interest rate is 8%? 12%? Write the formula and calculate. (4points) Question 6) Nazanin needs $50,000 in 10 years. If she can earn 6% interest, how much does she need to invest today? (4points)

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