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Find present value that will generate the given future value

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Reference no: EM133061183

Question - Consider the following future value - $4,433 at 10 3/4% compounded quarterly for 6 years.

(a) Find the present value that will generate the given future value.

(b) Interpret the present value. One would have to invest (BLANK) now to have the future value in the given time.

Reference no: EM133061183

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