Solved: What is the present value of that sum, Microeconomics

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What is the present value of that sum

Problem

If the interest rate is 3% and atotal value of $4.370.91 will be paid to you at the end of 3 years, what is the present value of that sum?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the present value of that sum

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