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Mathematics, 01.08.2021 06:50 oomale

What is the present value of $25,000 to be received in 15 years at an (a) 6.2% interest rate and, (b) 9.6% interest rate? Explain why the present value is lower when the interest rate is higher.

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What is the present value of $25,000 to be received in 15 years at an (a) 6.2% interest rate and, (b...

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