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Find the present value that will grow to ​$4000 if the annual interest rate is ​5.5% compounded quarterly for 5 yr.(Round to the nearest cent as​ needed.)
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Find the present value that will grow to ​$4000 if the annual interest rate is ​5.5% compounded quarterly for 5 yr.(Round to the nearest cent as​ needed.)

User MaximeBernard
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StepExpert Answer. Answer: The present value is $ 2823.05 Explaination: For compound inter …. View the full answer. Transcribed image text: Find the present value that will grow to $4000 if the annual interest rate is 3.5% compounded quarterly for 10 y The present value is $ (Round to the nearest cent as needed)

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User Rodniko
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