Repeat the previous problem in constant dollars for the ($ 10,000) payment if the inflation rate is

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Repeat the previous problem in constant dollars for the \(\$ 10,000\) payment if the inflation rate is \(4 \% /\) year.

Problem 2.2

What is the present value of a \(\$ 10,000\) payment in 2015 if the discount rate is \(7 \%\) ?

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