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Sagot :
Answer:
$98,089.74
Step-by-step explanation:
The computation of the invested amount i.e. present value is shown below:
As we know that
Present value = Future value ÷ (1 + rate of interest)^years
= $205,000 ÷ (1 + 0.053 ÷4)^4 × 14
= $205,000 ÷ (1.01325)^56
= $98,089.74
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