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ASK TOOK TEACHER The present value of a sum of money is the amount that must be invested now, at a given rate of
ASK TOOK TEACHER The present value of a sum of money is the amount that must be invested now, at a given rate of Interest, to produce the desired sum at a later date. How much should be Invested now (the present value in dollars) to have an amount of $150,000, 4 years from now, if the amount is invested monthly. (Round your answer to the nearest cent.) X at an interest rate of 6% per year, compounded
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