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A friend owes you money. He offers to pay you $1,000 today, $1,000 a year from now and $1,000 exactly two years from now. If 10% is the prevailing rate you expect on your investments, what is the present value of this arrangement? A friend owes you money. He offers to pay you $1,000 today, $1,000 a year from now and $1,000 exactly two years from now. If you can earn a 10% return on your money, how much money will you have on the date of the last payment (after he makes the last payment)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91559426

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