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6. What is the present value of a security that promises to pay you $1,000,000 at the end of year thirty, assuming the discou
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Answer #1

P = F / (1+i)^t

Present value = 1000000 / (1+0.06)^30

= 1000000 / (1.06)^30

= 1000000 / 5.743491173

= 174110.13

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