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Suppose you could deposit money in the bank and earn 6% interest. What value would make you indifferent between that amount today and the promise

Suppose you could deposit money in the bank and earn 6% interest. What value would make you indifferent between that amount today and the promise of $895.50 after ten (10) years?

You receive a promise of $8,000 at the beginning of the next six (6) years. If the account pays 5%, how much would the annuity be worth at that time?

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