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Homework: 11-Sim... Question 20, Instructor... HW Score: 70%, 14 of 20 points O Points: 0 of 1 A debt of $3460.43 is due October

Homework: 11-Sim... Question 20, Instructor... HW Score: 70%, 14 of 20 points O Points: 0 of 1 A debt of $3460.43 is due October 1, 2022. What is the value of the obligation on April 1, 2016, if money is worth 5% compounded annually? The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Clear all Save Check answer

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