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Find the present value of the investment

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Reference no: EM132059378

An investment of $13,335 earns 6% interest compounded monthly for 3 years. (a) What is the value of the investment after 3 years? (b) If money can be deposited at 8% compounded quarterly, find the present value of the investment. Round to the nearest cent.

Reference no: EM132059378

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