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Whats the present value of $100 to be received in 3 years if the interest rate is 8%, annual compounding? What annual interest rate would

  1. Whats the present value of $100 to be received in 3 years if the interest rate is 8%, annual compounding?
  2. What annual interest rate would cause $1,000 to grow to $2,000 in 8 years?
  3. If a companys sales are growing at a rate of 7.2% annually, how long will it take sales to double?.
  4. What is the present value of a 6-year, $100 ordinary annuity if the annual interest rate is 4%?

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