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Math  /  Algebra

QuestionFind the principal needed now to get the given amount; that is, find the present value. To get $500\$ 500 after 4 years at 5%5 \% compounded quarterly
The present value of $500\$ 500 is $409.87\$ 409.87. (Round to the nearest cent as needed.)

Studdy Solution
The present value, or the amount we need to invest now, is approximately $409.87\$409.87.

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