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Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time.

Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.] (Round your answer to the nearest cent.) 16 years, at 2% per year, compounded annually PV = $ Need Help? Submit Answer Read It

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