at #19--Review of Chapter 5 < Question 35, 5.7.17 Find the principal needed now to get the given amount; that is, find the present value. 3 4 To get $4000 after 3 years at 7% compounded daily The present value of $4000 is $☐ (Round to the nearest cent as needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.5: Graphs Of Functions
Problem 61E
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at #19--Review of Chapter 5
<
Question 35, 5.7.17
Find the principal needed now to get the given amount; that is, find the present value.
3
4
To get $4000 after 3 years at 7% compounded daily
The present value of $4000 is $☐
(Round to the nearest cent as needed.)
Transcribed Image Text:at #19--Review of Chapter 5 < Question 35, 5.7.17 Find the principal needed now to get the given amount; that is, find the present value. 3 4 To get $4000 after 3 years at 7% compounded daily The present value of $4000 is $☐ (Round to the nearest cent as needed.)
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