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    Kayla_kc's Avatar
    Kayla_kc Posts: 1, Reputation: 1
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    #1

    Nov 15, 2011, 10:28 PM
    future value
    $4000 invested for 9 years at 10% compounded monthly. Find the present value of the future value.
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #2

    Nov 17, 2011, 04:59 AM
    Do you know that money 'loses' value with time and that interest is something which is used so that a present value has the same future value after taking into account this 'loss' in value?

    And the answer to your question, based on that, is simple where no calculations is involved at all.
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