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Consider the following future value

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Consider the following future value. (Round your answers to the nearest cent.) $3,725 st 11 % compounded monthly for 17 years and 7 months (a) Find the present value that will generate the given future value. $ (b) Interpret the present value. One would have to invest $ now to have the future value in the given time. Need Help? Watch It Submit Answer View Previous Question Question 8 of 9 View Next Question Home My Assignments + Request Extension
Consider the following future value. (Round your answers to the nearest cent.) $4,413 at 10% compounded quarterly for 4 years (a) Find the present value that will generate the given future value. $ 8615 x (b) Interpret the present value One would have to invest 1961.5 X now to have the future value in the given time. Need Help? with Submit Answer View Previous Question Question 9 of 9