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If a compound interest table reveals that the present value of 1 for 9 years at a 4% rate of interest is .70259, what is
If a compound interest table reveals that the present value of 1 for 9 years at a 4% rate of interest is .70259, what is the present value of $600 due in 9 years and discounted at a 4% compound annual rate of interest?
$421.55 | ||
$425.06 | ||
$702.59 | ||
$853.98 |
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