Present value for the future amount
Problem:
What is the present value for the future amount? $283,903 to be received 10 years from now, discounted back to the present at 13.30 percent compounded daily. Explain in detail.
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Assume a perfectly developed physical human body and anatomy in terms of size, dimensions and proportions. In theory, if I cut the body vertically into two exact halves from the center of the head downwards, would the two halves weigh the same?
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Calculate the option profit to the trader. Please provide clear solution and calculations.
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