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7. 10/2 Points) DETAILS PREVIOUS ANSWERS BRECMBC9 11.11.012. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following investment requires a table factor for a

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7. 10/2 Points) DETAILS PREVIOUS ANSWERS BRECMBC9 11.11.012. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following investment requires a table factor for a period beyond the table. Calculate the new tate factor and the present value (principal) Use Table 13-2. Round your new table activ decimal places and your present value to the nearest cent Compound Amount $34,000 Need Help? Term of Nominal Investment (years) Rate (%) Compounded 34 7 Interest New Table Factor Present Value annually x x Submit Answer]

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