Compute the PV of $5000 received in 3 years if the interest rate is (a) 6% and (b) 11%
Chapter 5, Problem 39(choose chapter or problem)
Compute the PV of $5000 received in 3 years if the interest rate is (a) 6% and (b) 11%. What is the PV in these two cases if the sum is instead received in 5 years?
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