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Question(s) / Instruction(s):

                Future Value      Annual Rate       Interest Compounded       Period Invested           

1.            $10,400                                 4%                              Annually                          9 years 

2.            7,700                                     6                                  Semi-annually               9 years 

3.            4,200                                     20                              Quarterly                          4 years 

Required:

Calculate the present value of the following single amounts.

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