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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 $1,500 to your nephew. The only problem is that he can't pay you for two years. Assuming a discount rate of 3%- and assuming that he actually pays you the $1,500 he owes you in two years - what is the present value of the sale of your card collection?

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