Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. (Round your answer to the nearest cent.) 11 years, at 5.9% per year, compounded quarterly PV = $
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99% or 0.0599 Time Period (t) = 11 years Compounded Quarterly (n) = 4 Show more…
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