Question: 7. Determine the present value if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. How

7. Determine the present value if $15,000 is to be received

7. Determine the present value if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. How would your answer change if you had to wait six years to receive the $15,000

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