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Suppose you receive $100 at the end of each year for the next 10 years. SHOW WORK. a) If the interest rate is 5%, what

Suppose you receive $100 at the end of each year for the next 10 years. SHOW WORK.

a) If the interest rate is 5%, what is the present value of these cash flows?

b) What is the future value of these payments in ten years?

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