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Question 14.2: Using the discount factor table, convert the following futur...

Using the discount factor table, convert the following future values into present values:
(a) £5,000 receivable in 11 years’ time (8% interest rate)
(b) £3,000 receivable in 4 years’ time (5% interest rate)
(c) £10,000 receivable in 1 year’s time (10% interest rate)
(d) £1,000 receivable in 2 years’ time (7% interest rate)

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