Calculate the present value of the compound interest loan

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Question: Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 7 years at 3% if the interest is compounded in the following ways. 1) Quarterly 2) Annually. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131951615

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