Calculate the present value of the future payoff if the


You invest $1,900 today and expect to sell your investment for $3,800 in 10 years.

Please answer both parts

1. Calculate the present value of the future payoff, if the interest rate is 6%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

2. Calculate the present value, if the interest rate is 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Management: Calculate the present value of the future payoff if the
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