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A bank makes payments continuously at a rate of $400 a year. The payments are made between 5 and 7 years. Find the current value
A bank makes payments continuously at a rate of $400 a year. The payments are made between 5 and 7 years. Find the current value of these payments at time 2 years using an annual rate of discount of 4%.Please show all steps and the answer is $679.67.
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