What is the present value of 100 to be received in 3 years

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1. what is the future value of an initial $100 after 3 years if it is invested in an account paying 10 percent, annual compounding?

2. what is the present value of $100 to be received in 3 years if the appropriate interest rate is 10 percent, annual compounding?

Reference no: EM13568745

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