Lee says that he would need to earn 3% interest in order to lend you...
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Finance
Lee says that he would need to earn 3% interest in order to lend you money which you will pay back in two years. This implies that for Lee the present value of $100 to be received two years from today is ____. [Recall that PV=FV/(1+i) n]
I know that the answer is $94.26
Can I use a regular calculator to come up with answer
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