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Find the present value for the amount given in the table. Nominal Rate 4.1% Amount $5212.37 Frequency of Conversion quarterly Time 3 years The present value is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Find the present value for the amount given in the table. Nominal Rate 4.1% Amount $5212.37 Frequency of Conversion quarterly Time 3 years The present value is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find the present value for the amount given in the table. Nominal Rate 4.1% Amount $5212.37 Frequency of Conversion quarterly Time 3 years The present value is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Transcribed Image Text:Find the present value for the amount given in the table. Nominal Rate 4.1% Amount $5212.37 Frequency of Conversion quarterly Time 3 years The present value is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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