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What is the present value of $800 to be received at the end of seven years, assuming the following annual interest rate? Use Table II
What is the present value of $800 to be received at the end of seven years, assuming the following annual interest rate? Use Table II or a financial calculator to answer the questions. Round your answers to the nearest cent.
3 percent, discounted annually $
7 percent, discounted annually $
11 percent, discounted quarterly $
0 percent
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