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3 Exercise 13A-3 Basic Present Value Concepts [LO13-7] In two years, when he is discharged...

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3 Exercise 13A-3 Basic Present Value Concepts [LO13-7] In two years, when he is discharged from the Air Force, Steve wants to buy an $10,000 power boat 10 points Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables. Sklpped Required: What lump-sum amount must Steve invest now to have the $10,000 at the end of two years if he can invest money at: (Round your final answer to the nearest whole dollar amount.) eBook Present Value 1 Five percent Hint 2. Eleven percent Print References

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