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What is the present value of $12,500 to be received 10 years from today? Assume...

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Finance

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What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10. $17,010 $5,790 $9,210 D $11,574 Suppose you wish to set aside $2,000 at the beginning of each of the next 10 years (the first $2,000 deposit would be made now) in an account paying 12 percent compounded annually. Approximately how much will you accumulate at the end of 10 years? $39,310 $25,151 $22,863 $35,097

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