Algebra

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ind the present value of $3,200 under each of the following rates and periods.

(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

a. 8.9 percent compounded monthly for five years.

Present value $Entry field with incorrect answer now contains modified data[removed]


b. 6.6 percent compounded quarterly for eight years.

Present value $Entry field with incorrect answer now contains modified data[removed]


c. 4.3 percent compounded daily for four years.

Present value $Entry field with incorrect answer now contains modified data[removed]


d. 5.7 percent compounded continuously for three years.

Present value $Entry field with incorrect answer now contains modified data[removed]
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