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10758466I need help solving this problem


12:59 PM Tue Oct 15
Math 1130 Autumn 2019
Javon Le
Homework: MML 8
Score: 0 of 1 pt
3.of 14 (12 complete)
HW Score: 78.57%, 11
Question H
Find the present value of the given future payment at the specified interest rate.
$450 due in four years at 8-% compounded quarterly
The present value is $1.
(Do not round until the final answer. Then round to the nearest cent as needed.)
Enter your answer in the answer box and then click Check Answer

Top Answer

The Future value is given as F V = P V ( 1 + 1 0 0 n r ) n t where PV = present value r = rate of... View the full answer

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