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Compute the present value (principal) and the compound interest earned for the following investment. Use Tables 16-1A&B or 16-2A&B or a calculator. Future Present Compound
Compute the present value (principal) and the compound interest earned for the following investment. Use Tables 16-1A&B or 16-2A&B or a calculator.
Future
Present
Compound
Value
Interest Rate
Time
Value
Interest
$27,000
9% compounded monthly
21 months
__________
_________
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