Find the present value of a security that pay amount


If you deposit $14,000 in a bank account that pays 3.7% interest annually, how much would be in your account after 5 years? Round your answer to the nearest cent.

What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 4.6% annually? Round your answer to the nearest cent.

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Finance Basics: Find the present value of a security that pay amount
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