7 homework Queastions (short answer)

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Determine the present values (PVs) if $5,000 is received in the future (i.e., at the end of each indicated time period) in each of the following situations:

  • a.5 percent for ten years
  • b.7 percent for seven years
  • c.9 percent for four years
  • September 4, 2017
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University of Nairobi