K Find the present value and the compound discount of $4547.33 due 6.5 years from now if money is worth 9.9% compounded monthly. The present value of the money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places 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 67SGR
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K
Find the present value and the compound discount of $4547.33 due 6.5 years from now if money is worth 9.9% compounded monthly.
The present value of the money is $
(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
View an example
80
F3
Get more help.
000
000
F4
F5
MacBook Air
F6
F7
DII
F8
F9
F10
Clear all
F11
Check answer
F12
Transcribed Image Text:K Find the present value and the compound discount of $4547.33 due 6.5 years from now if money is worth 9.9% compounded monthly. The present value of the money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) View an example 80 F3 Get more help. 000 000 F4 F5 MacBook Air F6 F7 DII F8 F9 F10 Clear all F11 Check answer F12
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