find the present value of $75,000 if interest is paid at a rate 3% per year, compounded monthly for 7 years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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find the present value of $75,000 if interest is paid at a rate 3% per year, compounded monthly for 7 years 

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