Economics-present value
Problem: What is the present value of $10,000 received.1) 12 years from today when the interest rate is 4% per year?2) 20 years from today when the interest rate is 8% per year?3) 6 years from today when the itnerest rate is 2% per year?
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Problem: What is the present value of $10,000 received. 1) 12 years from today when the interest rate is 4% per year? 2) 20 years from today when the interest rate is 8% per year?
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