Find the present value of P of a future amount of A= $3500 invested at 6% compounded annually for 3 Years
r = 6% = 0.06 is the annual rate and n= 3 is the number of years,
then A = P·(1
and the present value is P = A/(1 + r)n
= 3500 / (1.06)3
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?