Find the present value of $70,000 due in 8 years, given an annual rate of 8% compounded quarterly. Round tour answer to the nearest cent.
A)$37,244.73
B)$36,843.68
C)$37,044.33
D)$37,144.33
E)$37,144.53

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The Answer of Find the present value of $70,000 due in 8 years, given an annual rate of 8% compounded quarterly. Round tour answer to the nearest cent.
A)$37,244.73
B)$36,843.68
C)$37,044.33
D)$37,144.33
E)$37,144.53

Find the Present Value of $70,000 Due in 8 Years