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Suppose you have the alternative of receiving either $6400 at the end of 5 years or P dollars today. Currently you have no need for

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Suppose you have the alternative of receiving either $6400 at the end of 5 years or P dollars today. Currently you have no need for money, so you would deposit the P dollars in a bank that pays 10% interest. What value of P would make you indifferent in your choice between P dollars today and the promise of $6400 at the end of 5 years

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