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Mathematics, 15.12.2020 02:30 maisonsuperman5321
Question 2 Gary wants to have an account whose future value 30 years from now is $750,000. If the annual interest rate is 2.4% and it is compounded monthly, what is the present value? Round your answer to the nearest dollar. S Hint: Use the formula, PV = (1+1) where S is the future value.
a 748,502
b 365,327
c 365,000
d 368,182
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