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Q: What type of transmission fliud is used in new holland 675e backhoe?
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5 Assuming an interest rate of 11 percent what is the present value of 675 which is currently due in 6 months?

Use the Pert equation. How often is the interest calculated? If it is annually (which I would hope), the calculation is as follows: P = price = 675 e = constant (e on your calculator) R = rate = 0.11/year T = time = 0.5 years 675e^(0.11*6) = $713.16