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Use the present value and future value tables to incorporate the time value of money. Knowledge Check 01 What is the present value of an

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Use the present value and future value tables to incorporate the time value of money. Knowledge Check 01 What is the present value of an annuity that pays $13,000 at the end of each year for 7 years? Assume a discount rate of 10 percent. $123,334$63,289$69,354$61,259 Knowledge Check 02 You are approached with an investment opportunity that promises a return of 15 percent. You are required to invest $12,500 at the end of every year for 10 years. Calculate the future value of this investment after 10 years. $62,735 $138,335 $253,796 $199,218

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