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3. the present value of k payable in 3 years is...

# Question: the present value of k payable in 3 years is...

###### Question details
The present value of K payable in 3 years is 1450$if the force of in- terest is δ, and the present value of K payable in 3 years becomes 2000$ if the force of interest is δ/3. Determine the present value of K payable in 3 years, when the discount rate used is two times the discount rate induced by the force of interest.