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CALCULATING PRESENT VALUE ( PV ) Romba, a smart money lender, offers personal loans at an interest rate of 8 . 1 6 % compounded
CALCULATING PRESENT VALUE PV
Romba, a smart money lender, offers personal loans at
an interest rate of compounded annually for the
first year and compounded semiannually thereafter.
How much money did she lend Heidi three years ago, if
Heidi owes her $ today?
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