Question: Assume the same data as in Appendix 1 Exercise 14-16, except that the current interest rate is 14%. Will the present value of your winnings

Assume the same data as in Appendix 1 Exercise 14-16, except that the current interest rate is 14%. Will the present value of your winnings using an interest rate of 14% be one half the present values of your winnings using an interest rate of 7%? Why or why not?

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