web2.0calc
 
+0  
 

 Compound Interest - Future Value and Present Value Help

+5
1008
4
avatar+598 

Find the present value and the compound discount of $2500 due in 6 years and 3 months, if interest is 6% compounded quarterly.

 

Thanks any help is great, need steps

 Nov 14, 2015

Best Answer 

 #3
avatar
+5

OK. This is ralatively simple.We simply have to find the PV of $2,500 for 6 years and 3 months, which comes to 25 quarters. PV=FV/(1+i)^n, which comes to:$1,723.01

 Nov 14, 2015

4+0 Answers

 #1
avatar
0

Will do this one next. If you are there, let me know.

 Nov 14, 2015
 #2
avatar+598 
0

Yes sounds good

 Nov 14, 2015
 #3
avatar
+5
Best Answer

OK. This is ralatively simple.We simply have to find the PV of $2,500 for 6 years and 3 months, which comes to 25 quarters. PV=FV/(1+i)^n, which comes to:$1,723.01

Guest Nov 14, 2015
 #4
avatar+598 
+5

Awesome, thank you very much

 Nov 14, 2015

1 Online Users

Top Users

avatar+128707 CPhill moderator
avatar+118613 Melody moderator
avatar+33616 Alan moderator
avatar+14931 asinus moderator
avatar+9664 MaxWong
avatar+3144 admin administrator
avatar+2440 GingerAle
avatar+1791 tomtom
avatar+1679 wiseowl
avatar+1610 bader
avatar+1190 parmen

Sticky Topics