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Find the present value(the amount that should be invested now to accumulate the followingamount) if the money is compounded as indicated. $8647.99 at 7.4% compounded

Find the present value(the amount that should be invested now to accumulate the followingamount) if the money is compounded as indicated.

$8647.99 at 7.4% compounded annually for 2 years

The Present value is_____

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