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find the present value of $2000 in year 4 at 7% compounded monthly?
12 years ago

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Answered by Dr. Jane
Present Value =2000(1+ .07/12)^48

Principal ( 1 + rate/compounding period) raised to the years time compounding.
12 years ago
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find the present value of $2000 in year 4 at 7% compounded monthly?

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