Assuming that money is worth 10%, compute the present value of: 1. The obligation to pay $9,000 at the end of each of the next 10 years. $Answer 2. The right to receive $18,000 at the end of the 7th, 8th, 9th, and 10th years from today. $Answer
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Assuming that money is worth 10%, compute the present value of:
1. The obligation to pay $9,000 at the end of each of the next 10 years.
$Answer
2. The right to receive $18,000 at the end of the 7th, 8th, 9th, and 10th years from today.
$Answer
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