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A debt of $6284.46 is due December 1, 2023. What is the value of the obligation on December 1, 2017, if money is worth 8% com
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Answer #1

know that it, I = P(1+ Toot 18 z el t=2023-2017 Here I = 6284, pa? 26 6 6284= P(1+ porte 21 62842 p ( 108 62844 (iodo = 3959.

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