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Posted on Aug 06, 2024

You are selling some furniture and your friend has offered to give you $ 4 0 3 in the one year and $ 8 9

You are selling some furniture and your friend has offered to give you $

403

in the one year and $

892

in the

3

years. If the relevant return is

5.81 %,

what is today's value of your friends offer?

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