You expect to receive a payment of $104 one year from now. Tour discount

ChazJ

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rate is 4 percent. What is the presen?
You expect to receive a payment of $104 one year from now. Tour discount rate is 4 percent. What is the present value of the payment to be received? Suppose that the discount rate is 5 percent. What is the present value of the payment to be receives?
 
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