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A debt of $4352.81 is due August 1, 2023. What is the value of the obligation on May 1, 2016, if money is worth 3%

A debt of $4352.81 is due August 1, 2023. What is the value of the obligation on May 1, 2016, if money is worth 3% compounded annually? The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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