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Question regarding the present value concept

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Reference no: EM131811162

Present value concept: answer each of the following question

a. What single invesment made today, earning 12% annual interest, will be worth $6,000 at the end of 6 years?

b. What is the present value of 6,000 to be received at the end of 6 years if the discount rate is 12%?

Reference no: EM131811162

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