Question: Test: Exam 2 (Chapters 4 & 5) Question 7 of 19 > Find the present value (the amount that should be invested now to accumulate

Test: Exam 2 (Chapters 4 & 5) Question 7 of 19 > Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5400 at 2% compounded quarterly for 5 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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