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Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $28,000 after 6 years at 5% if the interest

Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $28,000 after 6 years at 5% if the interest is compounded in the following ways. (a) annually $ Incorrect: Your answer is incorrect. (b) quarterly $

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