Find the present value of the given annuity. $546 per month for 36 months at the rate of 3.9% compounded monthly The present value is $ (Round to the nearest cent as needed.)

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Find the present value of the given annuity.
$546 per month for 36 months at the rate of 3.9% compounded monthly
The present value is $
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the present value of the given annuity. $546 per month for 36 months at the rate of 3.9% compounded monthly The present value is $ (Round to the nearest cent as needed.)
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