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Home $>$ M$103$ Spring $2024$ Reyes $17392>$ Assessment

$20$

Score: $\frac{4\mathrm{.}47}{15}$

$\frac{6}{15}$ answered

Question $7$

Score on last try: $0$ of $1$ pts$.$ See Details for more.

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What is the present value of a cash flow of $$900$ if the rate of annual interest is $4\mathrm{.}5\%?$ Round to the nearest cent.

The present value is $$4050$

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