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Question 6 1 pts What is the present value of $ 9 , 5 4 7 payable at the end of 1 2 years? Use

Question 6
1 pts
What is the present value of $9,547 payable at the end of 12 years? Use a nominal rate (monthly compounding) of 9.09%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END.
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