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Math Help - I need help with Present Value(Adv. Algebra)

  1. #1
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    I 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.
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  2. #2
    Member dokrbb's Avatar
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    Re: 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
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