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    Present value and interest rate

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    Compute the present value of $1000.00 to be received in 5 years if the interest rate is likely to be 3% over that period.

    How does the present value change if the interest rate is higher than 3%? Lower?

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    https://brainmass.com/business/interest-rates/present-value-interest-rate-331759

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    Compute the present value of $1000.00 to be received in 5 years if the interest rate is likely to be 3% over that period.
    How does the present value change if the interest rate is higher than 3%? Lower?

    Present ...

    Solution Summary

    Response helps in explaining present value

    $2.19

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