What is the present value and interest rate
Problem: What is the present value of $50 per year in each of the next three years if the interest rate is 10 percent?a) $150
b) $45.45
c) $124.34
d) $165.00
e) $168.00
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What interest rate would allow you to accumulate 10,000 in 8 years if you saved $60 per month and earned compound interest monthly.
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Problem: What is the present value of $50 per year in each of the next three years if the interest rate is 10 percent?
Please include with your response any necessary formula to solve this problem (on a regular calculator, NOT a financial calculator), along with a detailed explanation of how to solve the problem.
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