Question
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9284.56 at
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated.
$9284.56 at 7.2% compounded annually for 2 years
The present value is?
(Do not round until the final answer. Then round to the nearest cent as needed.)
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
