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    Exam 13: Personal Financial Management
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    Find the Present Value for the Given Future Amount
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Find the Present Value for the Given Future Amount

Question 16

Question 16

Multiple Choice

Find the present value for the given future amount. Round to the nearest cent.
-A = $4200, 9 years r = 8% compounded annually


A) $8395.82
B) $2269.13
C) $2098.95
D) $2101.05

Correct Answer:

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