Question: Determine the present values if $5,000 is received in the future(i.e., at the end of each indicated time period) in each of the follow-ing situations:

Determine the present values if $5,000 is received in the future(i.e., at the end of each indicated time period) in each of the follow-ing situations:

a.5 percent for ten years

b. 7 percent for seven years

c.9 percent for four years

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