find the present value of $30,000 due in 4 years at the given rate of interest 9%/year compounded monthly. round to the nearest cent.

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find the present value of $30,000 due in 4 years at the given rate of interest 9%/year compounded monthly. round to the nearest cent.

Guest Dec 5, 2014

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Best Answer

$$30000=PV(1+0.09/12)^{4*12}$$

Now you can rearrange and solve it :)

Melody Dec 6, 2014

Melody · Answer 1 · 2014-12-06T04:13:51

$$30000=PV(1+0.09/12)^{4*12}$$

Now you can rearrange and solve it :)