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What is the present value

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Reference no: EM131385991

"What is the present value of $62000 to be received in 7 years if the interest rate is 8 percent?" "How much would I have to invest now in order to receive $62000 after 7 years, given an interest rate of 8 percent?" Are the answers to these questions the same, different or it is impossible to say? Explain your answer in a couple of sentences.

Reference no: EM131385991

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