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Present Value of a Sum of Money Assignment | Assignment Help Services

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September 7th, 2019

The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date.

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Find the present value of $10,000 if interest is paid at a rate of6%per year, compounded weekly, for 3 years. (Round your answer to the nearest cent.)

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