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QUESTION no.3: 1. How much money should you be willing to pay now for a guaranteed payment of 1000 JD per year for 5 years

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QUESTION no.3: 1. How much money should you be willing to pay now for a guaranteed payment of 1000 JD per year for 5 years starting next year at a rate of return of 10% per year compounded? 2. What is the future value if you will pay now the same money resulted from the above case to receive it in one single payment after the same period with the same interest rate

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