Present Value Question

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

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

Oct 16th, 2017

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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