A debt of $6046.86 is due August 1, 2024. What is the value of the obligation on February 1, 2017, if money is worth 8% compounded semi-annually? C The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A debt of $6046.86 is due August 1, 2024. What is the value of the obligation on February 1, 2017, if money is worth 8% compounded semi-annually? C The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Transcribed Image Text:A debt of $6046.86 is due August 1, 2024. What is the value of the obligation on February 1, 2017, if money is worth 8% compounded semi-annually?
The value of the obligation is $
(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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