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What is the present value of $5,000,000 fifteen years from now at a 7% interest rate with exponential discounting (2 points)? With hyperbolic discounting (2

What is the present value of $5,000,000 fifteen years from now at a 7% interest rate with exponential discounting (2 points)? With hyperbolic discounting (2 points)? When would you choose to use hyperbolic discounting instead of exponential discounting in general (4 points)?

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