Get answer: Solve the following word problems by using Table 11-1 or 11-2. When

Chapter 0, Problem 16

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Solve the following word problems by using Table 11-1 or 11-2. When necessary, create new table factors. Round dollars to the nearest cent and percents to the nearest hundredth of apercent. What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually?

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