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 Compound Interest - Future Value and Present Value Help

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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
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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

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 #1
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Will do this one next. If you are there, let me know.

 Nov 14, 2015
 #2
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Yes sounds good

 Nov 14, 2015
 #3
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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
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Awesome, thank you very much

 Nov 14, 2015

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