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So the correct answers are the previous two choices. Why? Please show the detailed calculations and explanations. Thanks! Which of the following have the same

So the correct answers are the previous two choices. Why? Please show the detailed calculations and explanations. Thanks!

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Which of the following have the same present value given a 10% interest rate compounded annually? (Check all that apply.) $1 today $1.10 one year from today $1 one year from today Reason: The present value of $1 one year from today equals $0.91 rounded (=$1 x 0.9091). $0.90 one year from today Reason: The present value of $0.90 one year from today equals $0.82 rounded (=$0.90 x 0.9091)

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