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.

Printable View

- Apr 21st 2013, 05:53 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. - Apr 21st 2013, 06:02 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