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    Applied Calculus Study Set 1
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    Exam 6: Integration
  5. Question
    Estimate the Present Value of an Annuity If Payments Are
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Estimate the Present Value of an Annuity If Payments Are

Question 63

Question 63

Short Answer

Estimate the present value of an annuity if payments are $800 monthly for 19 years and the account earns interest at the rate of 8% /year compounded continuously. Round your answer to the nearest dollar.
​
$__________

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