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What is the present value of $10,000 received: a. Twelve years from today when the interest rate is 4% per year? b. Twenty years from

What is the present value of $10,000 received:

a. Twelve years from today when the interest rate is 4% per year?

b. Twenty years from today when the interest rate is 8% per year?

c. Six years from today when the interest rate is 2% per year?

Your bank is offering you an account that will pay 20% interest in total for a two-year deposit. Determine the equivalent discount rate for a period length of:

a. Six months.

b. One year.

c. One month

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