Question: Assume the same data as in Exercise 15-6, except that the current interest rate is 12%. Will the present value of your winnings using an

Assume the same data as in Exercise 15-6, except that the current interest rate is 12%.
Will the present value of your winnings using an interest rate of 12% be one-half the present value of your winnings using an interest rate of 6%? Why or why not?

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