Find the present value of $10,000 due in 6 years at the given rate of interest.

Calculus
Tutor: None Selected Time limit: 1 Day

Jul 9th, 2015

Thank you for the opportunity to help you with your question!

a) 

6%/4 = 1.5% 

PV = 10000/(1.015)^24 = 6995.44

b) 

5%/12 = 0.41667% 

PV = 10000/(1.0041667)^72 

=7412.80

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Jul 9th, 2015

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