What is the PV of $100 received in
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What is the PV of $100 received in:
a. Year 10 (at a discount rate of 1 percent).
b. Year 10 (at a discount rate of 13 percent).
c. Year 15 (at a discount rate of 25 percent).
d. Each of years 1 through 3 (at a discount rate of 12 percent).
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What the PV for $100 received is determined.
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