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Find what is the present value of receiving year

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Reference no: EM132760327

Problem 1: What is the present value of receiving $890 a year for 11 years if you expect a rate of return of 4% a year?

Option 1: 578

Option 2: 793

Option 3: 977

Option 4: 520

Problem 2: What is the present value of receiving $450 for 9 years if you expect a rate of return of 8% a year?

Option 1: 1351

Option 2: 1974

Option 3: 900

Option 4: 2811

Reference no: EM132760327

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