Compute the present value of $700 paid in three years using the following discount rates: 5 percent
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Question:
Compute the present value of $700 paid in three years using the following discount rates: 5 percent in the first year, 6 percent in the second year, and 7 percent in the third year.(Do not round intermediate calculations. Round youranswer to 2 decimal places.)
What is the present value of a $1,900 payment made in five years when the discount rate is 10 percent?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
A loan is offered with monthly payments and a 7.50 percent APR. What's the loan's effective annual rate (EAR)?(Do not round intermediate calculations and round your finalanswer to 2 decimal places.)
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