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Find the Present Value of $54,049 Due in 5 Year(s)

Question 149

Multiple Choice

Find the present value of $54,049 due in 5 year(s) at an interest rate of 7% / year compounded continuously. Round your answer to the nearest integer. ​


A) $38,536
B) $38,089
C) $38,088
D) $38,316

Correct Answer:

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