Question: Determine the present values (PVs) if $5,000 is received in the future (i.e., at the end of each indicated time period) in each of the

Determine the present values (PVs) if $5,000 is received in the future (i.e., at the end of each indicated time period) in each of the following situations:
a. 5 percent for ten years
b. 7 percent for seven years
c. 9 percent for four years

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