Multiple Choice
Find the present value of $80,000 due in 8 years, given an annual rate of 9% compounded quarterly. Round tour answer to the nearest cent.
A) $39,352.59
B) $39,252.39
C) $39,152.19
D) $38,951.54
E) $39,252.19
Correct Answer:
Verified
Correct Answer:
Verified
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