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Use the present value formula to determine the amount to be invested? now, or the present value needed.

The desired accumulated amount is ?$110, 000 after 6 years invested in an account with 7% interest compounded quarterlyquarterly.

The amount to be invested? now, or the present value? needed, is ?$nothing.

?(Round to the nearest cent as? needed.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92400246

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