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Calculate the present value PV of an investment that will be worth $1,000 at the...

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Accounting

Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Example 2.] (Round your answer to the nearest cent.)

14 years, at 5.8% per year, compounded quarterly

PV = $__________

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