Determine the amount to be invested now, Finance Basics

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Determine the amount to be invested now

Question: Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $110,000 after 3 years invested in an account with 6% interest compounded quarterly. The amount to be invested now, or the present value needed, is $ (Round to the nearest cent as needed.)

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Finance Basics: Determine the amount to be invested now

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