Find the present value that will generate the future value of $3,373 at 11 1/4% compounded quarterly for 5 years. (Give your answer to the nearest cent.)

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
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Find the present value that will generate the future value of $3,373 at 11 1/4% compounded quarterly for 5 years. (Give your answer to the nearest cent.)
P = $ 

 

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