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Calculate the present value for the following investment. Present Value Nominal Interest Rate: 3 . 4 % Compounding Frequency: quarterly Time in Years: 4 Future

Calculate the present value for the following investment.

Present Value

Nominal Interest Rate:

3.4 %

Compounding Frequency: quarterly

Time in Years:

4

Future Value: $

18436

Round the answers to the nearest cent.

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