Question -

Find the present value of the amount A = $15,000 invested at rate of r=6% for t=5 years, compunded n= 4 times per year.

please and thank you.

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- April 21st 2013, 04:53 PMcaptaincrunch383I need help with Present Value(Adv. Algebra)
Question -

Find the present value of the amount A = $15,000 invested at rate of r=6% for t=5 years, compunded n= 4 times per year.

please and thank you. - April 21st 2013, 05:02 PMdokrbbRe: I need help with Present Value(Adv. Algebra)
I'm pretty sure you are provided with such a formula:

A(amount after t years) = (1 + r/n)^(nt), and you apparently have all the data to calculate it,

dokrbb