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You agreed to sell your Pokemon card collection for $ 1 , 5 0 0 to your nephew. The only problem is that he can't
You agreed to sell your Pokemon card collection for $ to your nephew. The only problem is that he can't pay you for two years. Assuming a discount rate of and assuming that he actually pays you the $ he owes you in two years what is the present value of the sale of your card collection?
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