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What is the present value of $6,700 received 14 years from now using a 11% interest or discount rate, with interest compounded quarterly?

Question

What is the present value of $6,700 received 14 years from now using a 11% interest or discount rate, with interest compounded quarterly?

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Step 1

Calculation of Present Value:

The Present Value is $1,466.53.

Excel Spreadsheet:

...
A
1 Amount to be Received
S6,700
2 Interest Rate
2.75%
Number of Periods
3
56
$1,466.53
4
Present Value
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A 1 Amount to be Received S6,700 2 Interest Rate 2.75% Number of Periods 3 56 $1,466.53 4 Present Value

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