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Suppose an investment promises to pay $2,249.73 three years from now. If the going interest rate is 4 percent, how much is the investment worth

Suppose an investment promises to pay $2,249.73 three years from now. If the going interest rate is 4 percent, how much is the investment worth today? How would your answer change if the payment is in five rather than three years? What if the interest rate was 6 percent rather than 4 percent?

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