What present value amounts to $17,483.55 if it is invested for 3 years at 10% compounded quarterly? If needed, round to 2 decimal places. The present value is $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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What present value amounts to $17,483.55 if it is
invested for 3 years at 10% compounded quarterly? If
needed, round to 2 decimal places.
The present value is $
Transcribed Image Text:What present value amounts to $17,483.55 if it is invested for 3 years at 10% compounded quarterly? If needed, round to 2 decimal places. The present value is $
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