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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 115

Question 115

Multiple Choice

Find the present value for the given future amount. Round to the nearest cent.
-A = $4900, 8 years r = 8% compounded quarterly


A) $2647.32
B) $2299.90
C) $2600.10
D) $9234.25

Correct Answer:

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