Question: Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions UseFuture Value TablesandPresent Value Tables, or your calculator, to complete the

Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions

UseFuture Value TablesandPresent Value Tables, or your calculator, to complete the requirement below.

LuAnn Bean will receive $7,000 in 7 years.

Required:

What is the present value at 7% compounded annually? Round your answer to the nearest cent.

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