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Jeffrey is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 4 years.
- Jeffrey is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 4 years. If the interest rate on the account is 2.15% compounding annually, what is the present value of the investment?
- What are two technology tools that can help with calculating present value of an investment? What is one way it's possible to get an incorrect answer when using technology?
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