MATH

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011.57 points I Previous Answers I

MyNotes I SmithNMl2 11.1.030.

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: Find the prcsent value, using the present value formula and a calculator. (Round your i answer to the nearest cent.) ; echieve $225,500 at 8.95olo conpounded continuously for 8 years, 135 days. I

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kl 4. 0.9511.57 polnts I Previous Answers ilylrlotes I SmithNMl2 11.1.O32.. If $36,500 is invested at 6.40/o for 30 yeats, find the future value if the interest is , conpounded the following ways. (Round your answers to the nearest cent.) : (a) annually

/ $ 2y+715.\A- c

i (b) seriannually , $'241587.63 ,ryf :

; fc) quarterlY , $ 245209:80 *6r :

, (d) nnnthly

i $ 2476e8.03 cf

: (e) daily ; $ 248e22.50 *r a

, (f) every ndnute (/V = 525,600) $

: (g) continuously $

1

, (h) sinple (not corpounded) $

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