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3) The present value of $121,000 expected one year from today at an interest rate (discount 3) ___ rate) of 10 percent per year is A) $121,000. B) $110,000 C) $100,000. D) $108,900. 4) 4) The present value of $100,000 expected at the end of one year, at a discount rate of 25 percent per year, is A) $125,000 B) $100,000. C) $80,000 D) $75,000