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If the interest rate is 9 percent, the present value of $300 paid one year from now equals $ (round your answer to the nearest penny).
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If the interest rate is 9 percent, the present value of $300 paid one year from now equals $ (round your answer to the nearest penny).

User Kevin Welker
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1 Answer

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9 times 300 equals 2,700
2,700 divided by 100 equals 27
User Karina
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