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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 $6100
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Find the Present Value and the Compound Discount of $6100

Question 171

Question 171

Essay

Find the present value and the compound discount of $6100.00 due in 7.5 years if interest is 8.26% compounded semi-annually.

Correct Answer:

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PV = 6100.00(1.0413)...

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