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What is the present value of $8,493 payable at the end of 15 years? Use a nominal rate (monthly compounding) of 3.13%. SET YOUR CALCULATOR

What is the present value of $8,493 payable at the end of 15 years? Use a nominal rate (monthly compounding) of 3.13%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END.

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