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What is the present value of $14,000 received: a. Twenty eight years from today when the interest rate is 9% per year ? b. Fourteen

What is the present value of $14,000 received:

a. Twenty eight years from today when the interest rate is 9% per year ?

b. Fourteen years from today when the interest rate is 5% per year ?

c. Seven years today when the interest rate is 3% per year ?

a. Twenty eight years from today when the interest rate is 9% per year ?

The present value of $14,000 received 28 years ago from today when the interest rate is 9% per year is $___ ( Round to the nearest dollar.)

b. Fourteen years from today when the interest rate is 5% per year ?

The present value of $14,000 received 14 years ago from today when the interest rate is 5% per year is$ ___ (Round to the nearest dollar )

c. Seven years from today when the interest rate is 3% per year?

The present value of $14,000 received 7 years from today when the interest rate is 3% per year is $___ (Round to the nearest dollar )

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