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7000.00

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Q: If your car is valued at 14000.00 and you owe 7000.00 what is your current value?
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What is present value of 700000 in five years if current market rate is 3 percent?

425000


What is present value of 700000 in five years and current market rate is 3 percent?

FV = PV*(1+rate)^time So, (1+.03)^5 = 1.159274074 And: 700000 = PV*1.159274074, solve for PV = 603826.15 [to the nearest cent]


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