SOLUTION: Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly.

SOLUTION: Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly.

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Question 755742: Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly.
Answer by reviewermath(1029) (Show Source): You can put this solution on YOUR website!
Q:
Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly.
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A:
PV = = $
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