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Question 6: Procientlevel: Compute the present value of an $85!} payment made in l years 1when the discount rate is 12 percent (Cornett et al.,

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Question 6: Procientlevel: "Compute the present value of an $85!} payment made in l years 1when the discount rate is 12 percent" (Cornett et al., 21319, p. 1GB). Recalculate the present value, using an 11percent discount rate, and again, using a 13percent discount rate. Distinguishedlevel: Describe the relationship between changes in interest rates and the ensuing changes in present values

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