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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    Find the Present Value and the Compound Discount of $6
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Find the Present Value and the Compound Discount of $6

Question 129

Question 129

Essay

Find the present value and the compound discount of $6 600.00 due in seven years, three months, if interest is 7.2% compounded quarterly.

Correct Answer:

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FV = 6600.00; m = 4; i = blured image = 1....

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