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Suppose you own a liquid financial asset that will pay you $100,000 in 10 years from today. Your daughter plans to attend college four years
Suppose you own a liquid financial asset that will pay you $100,000 in 10 years from today. Your daughter plans to attend college four years from now, and you want to know what the assets present value will be at that time. Given an 8 percent return rate, what will the asset be worth four years from today? What will the asset be worth today?
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