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Determine what is present value to be received at end

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Question (a) What is the present value of $31,600 due 15 periods from now, discounted at 6%? (Round answer to 2 decimal places, e.g. 25.25.)

Question (b) What is the present value of $31,600 to be received at the end of each of 7 periods, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25.)

Reference no: EM132488903

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