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    Present Value of $10,000 with Varying Interest Rates

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    What is the present value of $10,000 received
    a. 12 years from today when the interest rate is 4% per year?
    b. 20 years from today when the interest rate is 8% per year?
    c. 6 years from today when the interest rate is 2% per year?

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    https://brainmass.com/business/interest-rates/present-value-of-10-000-with-varying-interest-rates-295598

    Solution Preview

    We use the Present Value formula
    PV = FV/(1+rate)^n
    where
    FV = $10,000 as given
    Rate is as given and ...

    Solution Summary

    The solution explains how to calculate the present value and then goes through each question to show how to apply the formula.

    $2.19

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