Question: please bold the answer Question 16 1 pts What is the present value of $6,201 payable at the end of 8 years? Use a nominal

please bold the answer please bold the answer Question 16 1 pts What is the present

Question 16 1 pts What is the present value of $6,201 payable at the end of 8 years? Use a nominal rate (monthly compounding) of 8.44%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END

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