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You have the alternative of receiving either $4,000 at the end of 9 years or P...

You have the alternative of receiving either $4,000 at the end of 9 years or P dollars today. You could deposit the P dollars in a bank that will pay you 3.2% interest. What value of P would make you indifferent between P dollars today and receiving $4,000 at the end of 9 years?"

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