What is the discounted present value of a prize that gives
What is the discounted present value of a prize that gives you two installments of 1000 dollars (each), if these payments are made in five and six years from now, and the interest rate is 0.05?
a) $1,467.84
b) $1,508.34
c) $1,529.74
d) $2,123.44
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