Present Value Question

Mathematics
Tutor: None Selected Time limit: 1 Day

If you would like to have $10,000, 10 years from now at 5 percent interest, what is the PV of this amount? 

Nov 15th, 2014

The present value formula is represented by: PV = FV(1+r)^n 

= 10,000(1.05)^10 

= $6139.13

Nov 15th, 2014

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Nov 15th, 2014
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