Compute the present value of an 1350 payment made in 9, Financial Management

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Compute the present value of an 1350 payment made in 9

1. Compute the present value of an $1,350 payment made in 9 years when the discount rate is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $

2. How long will it take $2,000 to reach $5,400 when it grows at 12 percent per year? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Period years

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Financial Management: Compute the present value of an 1350 payment made in 9

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Financial Management: Compute the present value of an 1350 payment made in 9

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