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you invest $2,400 today and expect to sell your investment for $4,200 in 9 years. 1) calculate the present value of the future payoff, if

you invest $2,400 today and expect to sell your investment for $4,200 in 9 years.

1) calculate the present value of the future payoff, if the interest rate is 5%. do not round intermediate calculations and round answer in 2 decimal places.

b) is this a good deal?

c) calculate the present value, if the interest rate is 7%. do not round intermediate calculations and round answer in 2 decimal places.

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