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The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use

The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2. Round your new table factor to five decimal places and your present value to the nearest cent. Compound Amount $39,000 Term of Nominal Interest Investment (years) Rate (%) Compounded 38 7 annually New Table Factor Present Value

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