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2) Find the present value of $4,100 under each of the following rates and periods:(round the answer to the nearest penny) a. 6.6 percent compounded

2) Find the present value of $4,100 under each of the following rates and periods:(round the answer to the nearest penny)

a. 6.6 percent compounded quarterly for eight years.

b. 5.7 percent compounded continuously for three years.

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