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K A debt of $6001.35 is due October 1, 2020. What is the value of the obligation on October 1, 2017, if money is worth 7% compounded quarterly? The value of the obligation is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

K A debt of $6001.35 is due October 1, 2020. What is the value of the obligation on October 1, 2017, if money is worth 7% compounded quarterly? The value of the obligation 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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K A debt of $6001.35 is due October 1, 2020. What is the value of the obligation on October 1, 2017, if money is worth 7% compounded quarterly? The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 80 22 000 000 F4 F5 F6 CIS F7 co DD Clear all Check answer
Transcribed Image Text:K A debt of $6001.35 is due October 1, 2020. What is the value of the obligation on October 1, 2017, if money is worth 7% compounded quarterly? The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 80 22 000 000 F4 F5 F6 CIS F7 co DD Clear all Check answer
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