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Find the present value of $10000 if interest is paid at a rate of 8% per year compounded annually for 3 years?

Find the present value of $10000 if interest is paid at a rate of 8% per year compounded annually for 3 years?
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Find the present value of $10000 if interest is paid at a rate of 8% per year compounded annually for 3 years?

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User Christopher Thomas
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1 Answer

4 votes
10,000*0.08*3= $2400.00
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User Kwolf
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