Question: Certificate A pays $1000 in four months and another $1000 in eight months. Certificate B pays $1000 in five months and another $1000 in nine

Certificate A pays $1000 in four months and another $1000 in eight months. Certificate B pays $1000 in five months and another $1000 in nine months. If the current rate of return required on this type of investment certificate is 5.75%, determine the current value of each of the certificates. Give an explanation for the lower value of B.

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