nd the present value that will grow to $28,000 if interest is 8% compounded quarterly for 16 quarters. The present value is $ (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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nd the present value that will grow to $28,000 if interest is 8% compounded quarterly for 16 quarters.
The present value is $
(Round to the nearest cent as needed.)
Transcribed Image Text:nd the present value that will grow to $28,000 if interest is 8% compounded quarterly for 16 quarters. The present value is $ (Round to the nearest cent as needed.)
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