Frazier Lambert
05/22/2023 · High School
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated.
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Use the formula \( PV = \frac{FV}{(1 + r)^n} \) to calculate the present value, where \( PV \) is the present value, \( FV \) is the future value, \( r \) is the interest rate, and \( n \) is the number of compounding periods.
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