If the 5-year discount factor is 0.7008, what is the interest rate?
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Step-by-step exT/F When money is invested at compound interest, the growth rate is the ... T/F The discount factor is used to calculate the present value of $1 received in year t. ... What is the discount factor of $1 to be received in 5 years at a discount rate of 8%? ... 5 years from today, the discount factor has been calculated to be 0.7008.planation:
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