Find the present value of the accounts under the following conditions. 1. (A=$ 1,000,000), invested at (5.75

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Find the present value of the accounts under the following conditions.

1. $A=\$ 1,000,000$, invested at $5.75 \%$ interest, compounded monthly, for 40 years.

2. $A=\$ 175,000$, invested at $3.8 \%$ interest, compounded quarterly, for 20 years.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:05 AM

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Find the present value of the accounts under the following conditions. 1. (A=$ 1,000,000), invested at (5.75

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Contemporary Mathematics

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