Question: 6. (6 pts) A sport organization has a commitment from a sponsor for a $17,000 payment in three years. What is the present value of

6. (6 pts) 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%

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