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What is the present value of $30,000 due 7 years from now, discounted at 8%? (b) What is the present value of $50,000 due 5
What is the present value of $30,000 due 7 years from now, discounted at 8%?
(b) What is the present value of $50,000 due 5 years from now, discounted at 15%?
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