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What is the present value (PV) of $100,000 received five years from now, assuming the interest rate is 9% per year? A. $64,993 B. $60,000
What is the present value (PV) of $100,000 received five years from now, assuming the interest rate is 9% per year? A. $64,993 B. $60,000 C. $113,738 D. $81,241 An investment pays you $20,000 at the end of this year, and $10,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 5% per year? A. $42,255 B. $26,410 C. $63,383 D. $52,819
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