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20 October, 15:29

5 find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. also calculate the present value if the $7,000 is received after two years.

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  1. 20 October, 15:49
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    One year

    7000*1.03^1 = $7210.00

    two year

    7000*1.03^2 = $7426.30
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