8. Calculate the present value of the investment described in the table. Rate of Compound Interest per Year 5.6% $5 868.22 b. $5 453.78 a. Compounding Period annually Time 3 years Future Value $8000 C. d. $6 793.57 $8 264.42

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8. Calculate the present value of the investment described in the table.
Rate of Compound
Interest per Year
5.6%
Compounding
Period
annually
a. $5868.22
b. $5 453.78
Time
3 years
Future Value
$8000
$6 793.57
d. $8 264.42
C.
Transcribed Image Text:8. Calculate the present value of the investment described in the table. Rate of Compound Interest per Year 5.6% Compounding Period annually a. $5868.22 b. $5 453.78 Time 3 years Future Value $8000 $6 793.57 d. $8 264.42 C.
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