Question: You will receive $ 4 , 5 0 0 three years from now. The discount rate is 1 3 percent. What is the value of

You will receive $4,500 three years from now. The discount rate is 13 percent.
What is the value of your investment two years from now? Multiply $4,50011.13$4,50011.13 or divide by 1.13(one years discount rate at 13 percent).

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