Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated $3000 at 7% compounded semiannually for 4 years The present value is $⬜ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated $3000 at 7% compounded semiannually for 4 years The present value is $⬜ (Do not round until the final answer. Then round to the nearest cent as needed.)
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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Question
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated
$3000 at 7% compounded semiannually for 4 years
The present value is $⬜
(Do not round until the final answer. Then round to the nearest cent as needed.)
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