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A debt of $4488.31 is due December 1,2024 . What is the value of the obigation on December 1, 2015, if money is worth 2%

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A debt of $4488.31 is due December 1,2024 . What is the value of the obigation on December 1, 2015, if money is worth 2% compounded annualy? The value of the obligation is 5 (Round to the nearest cent as neoded. Round all intermediate values to six docimal places as neoded.)

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