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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. R factor to five decimal places and your present value to the nearest cent. Compound Amount $32,000 Term of Nominal Investment (years) Rate (%) 34 7 Interest Compounded annually New Table Factor $ Present Value

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