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Complete the following using the present value formula or financial calculator. Note: Do not round intermediate calculations. Round your final answer to the nearest cent.
Complete the following using the present value formula or financial calculator. Note: Do not round intermediate calculations. Round your final answer to the nearest cent. Amount desired at end of period Length of time Rate Compounded Period used Periodic rate PV of amount desired at end of period $20,000 20 years 8 % Annually %
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
2nd International Edition
0071287728, 9780071287722
