Question: 16 Question 16 1 pts What is the present value of $7,399 payable at the end of 10 years? Use a nominal rate (monthly compounding)

Question 16 1 pts What is the present value of $7,399 payable at the end of 10 years? Use a nominal rate (monthly compounding) of 2.79%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END

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