Question: a . If the present value of $ 1 5 9 is $ 1 4 5 , what is the discount factor? ( Round your

a. If the present value of $159 is $145, what is the discount factor? (Round your answer to 4 decimal places.)
b. If that $159 is received in year 5, what is the interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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