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    Finite Mathematics
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    Exam 5: Mathematics of Finance
  5. Question
    Find the Present Value of $30,000 Due in 2 Years
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Find the Present Value of $30,000 Due in 2 Years

Question 48

Question 48

Short Answer

Find the present value of $30,000 due in 2 years at the given rate of interest 6%/year compounded monthly. Please round your answer to the nearest cent.
P = $ __________

Correct Answer:

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