Question: 2. A sport organization has a commitment from a sponsor for a $17,000 payment in three years. What is the present value of that money

2. A sport organization has a commitment from a sponsor for a $17,000 payment in three years. What is the present value of that money if it is discounted at (a) 3%, (b) 5%, and (c) 9%? 8. What is the difference between $10,000 invested for ten years at 3% interest, compounded yearly, and at 8% interest, compounded semi-annually

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