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If the Future Value of $1 Invested Today at an Interest

question 63

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If the future value of $1 invested today at an interest rate of r percent for n years is 9.6463, what is the present value of $1 to be received in n years at r percent interest rate?


Definitions:

Billion Years

A unit of time equal to 1,000 million years, often used in geology, astronomy, and describing the age and evolution of the Earth and universe.

Millipede

A class of invertebrates characterized by having two pairs of jointed legs on most body segments, known for their slow movement and detritivorous diet.

Tetrapod

Vertebrate animals having four limbs or limb-like appendages, including amphibians, reptiles, birds, and mammals, as well as their extinct ancestors.

Land Animal

An organism that lives primarily or exclusively on land rather than in water or air.

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