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June 19, 2013

# Homework Help: algebra

Posted by kathy on Saturday, December 4, 2010 at 11:04pm.

find the present value for \$2000 if interest is 3.5% compounded quarterly for 6 years?

• algebra - Reiny, Saturday, December 4, 2010 at 11:06pm

i = .035/4 = .00875
n = 4x6 = 24

PV = 2000(1.00875)^-24
= .....

you do the button-pushing

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