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Compute the present value of a $100 cash flow for the following combinations of discount rates and times:

a. r = 8 percent. t = 10 years.
b. r = 8 percent. t = 20 years.
c. r = 4 percent. t = 10 years.
d. r = 4 percent. t = 20 years.

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The solution shows how to calculate the present value of cash flow with given discount rate and time (see attachment).

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