l KOREK LTE11 12:26 PM59%A docs.google.com13. Calculate the present value of $1,000 tobe received at the end of 8years.Assumean interest rate of 7% compoundedannually.$5,971.30$582$531.82O $1,718.1914. You decide to begin saving toward thepurchase of a new car in 5 years. If you put$1,000 at the end of the next 5 years in asavings account paying 6% compoundedannually, how much will you accumulateafter 5 years?$5,338.23$1,338.23$5,637.10$5,975.33

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13. Calculate the present value of $1,000 to be received at the end of 8 years. Assume an interest rate of 7% compounded annually. O $5,971.30 $582 $531.82 O $1,718.19

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

l KOREK LTE
11 12:26 PM
59%
A docs.google.com
13. Calculate the present value of $1,000 to
be received at the end of 8
years.
Assume
an interest rate of 7% compounded
annually.
$5,971.30
$582
$531.82
O $1,718.19
14. You decide to begin saving toward the
purchase of a new car in 5 years. If you put
$1,000 at the end of the next 5 years in a
savings account paying 6% compounded
annually, how much will you accumulate
after 5 years?
$5,338.23
$1,338.23
$5,637.10
$5,975.33

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