What present value amounts to $21,204.90 if it is invested for 6 years at 7% compounded every 4months?The present value is $(Round to 2 decimal places.)Question Help: Message instructorSubmit QuestionMacBook Air吕0F3O00D00F4F2F7F8F9#3&*346.78WRTY U

Answered: What present value amounts to…

What present value amounts to $21,204.90 if it is invested for 6 years at 7% compounded every 4 months? The present value is $ (Round to 2 decimal places.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 36PFA

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Question

What present value amounts to $21,204.90 if it is invested for 6 years at 7% compounded every 4
months?
The present value is $
(Round to 2 decimal places.)
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