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OpenStudy (anonymous):
Present value?
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OpenStudy (anonymous):
Every six months, Jessa deposits $525 into an interest-bearing account to save for her children’s tuition. The interest rate on the account is 5.4% compounding semiannually. What is the present value of the investment if Jessa’s children leave for college in 11 years?
OpenStudy (anonymous):
Can you just tell me which formula to use?
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