Find the Present Value of $70,000 Due in 8 Years

question 204

Multiple Choice

Find the present value of $70,000 due in 8 years, given an annual rate of 8% compounded quarterly. Round tour answer to the nearest cent.

• A)$37,244.73
• B)$36,843.68
• C)$37,044.33
• D)$37,144.33
• E)$37,144.53

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Definitions:

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