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1. Assume that in 2014, an 1871 $20 double eagle sold for $17,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Rate of return

2. Compute the present value of a $2,500 deposit in year 3 and another $2,000 deposit at the end of year 5 if interest rates are 8 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Financial Management, Finance

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