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The present value of a $2,940 savings account that will earn 5% interest for four years. (Round time value factor to 3 decimal places and
The present value of a $2,940 savings account that will earn 5% interest for four years. (Round time value factor to 3 decimal places and final answer to 2 decimal places) *NOTE* present value of $1 to be revieved at the end of a given number of time periods: 5% for 4 years = 0.823
*NOTE* present value of $1 to be revieved at the end of a given number of time periods:
5% for 4 years = 0.823
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