Find the present value of $70,000 due in 6 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 6%/year compounded quarterly $

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Find the present value of $70,000 due in 6 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 6%/year compounded quarterly $ 
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