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1. Find the present value and the compound discount of $7227.71 due 6 years from now if money is worth 4.4% compounded annually. 2. What

1. Find the present value and the compound discount of $7227.71 due 6 years from now if money is worth 4.4% compounded annually.

2. What is the principal that will grow to $1400 in five years, one month at 8.1% compounded quarterly?

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