Question: A sport organization has a commitment from a sponsor for a $ 1 7 , 0 0 0 payment in 3 years. What is the

A sport organization has a commitment from a sponsor for a $17,000 payment in 3 years. What is the present value of that money if it is discounted at (a)3%,(b)5%, and (c)9%?
A sport organization has a commitment from a sponsor for a

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