Solved: Karl Yates needs $4,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 10 months, What is the present value of $4,000 at 7.4% simple interest in order to accumulate the $4,000 in 10 months?

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Karl Yates needs $4,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 10 months, What is the present value of $4,000 at 7.4% simple interest in order to accumulate the $4,000 in 10 months? The prevent value is (Round to the nearest cont as needed)

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Solved: Karl Yates needs $4,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 10 months, What is the present value of $4,000 at 7.4% simple interest in order to accumulate the $4,000 in 10 months?

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