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Find what is the value of pv

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Draw a timeline in your notes to practice, then use the one below to help you! To save for a capital investment, a company deposits $500 at the end of every month in an account that earns 4.25% compounded quarterly. After 5 years, no further deposits are made. The balance earns interest in the same account for 6 more years.

Problem1 : What is the value of PV2?

Select one:

a. $41 665.62
b. $33 360.27
c. $2553.69
d. $33 347.60

Reference no: EM132740538

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