Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Transcribed Image Text:4. Calculate the present value of the investment described in the table.
Rate of Compound
Interest per Year
5.6%
a. $2107.25
b. $5128.21
Compounding
Period
annually
Time
3 years
c.
d.
$6793.57
$9420.67
Future Value
$8000
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