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Students must use the Present Value formula below when completing the following questions. Reminder, students must show their work for each question. 1. )You expect

Students must use the Present Value formula below when completing the following questions. Reminder, students must show their work for each question.

1. )You expect to earn a $105,000 lump sum payment in 5 years' time. If the discount rate is 8.25%, what would the payment be worth today? Calculate the Present Value

Reminder: PV = FV / (1+r)n

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