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Find the present value of the following future amount. $8000 at 10 % compounded annually for 20 years

 

 

The present value is $_______.

ladiikeiii  Dec 5, 2017
 #1
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8000  =  A  (1.10)^20

 

Divide both sides by  (1.10)^20

 

8000/(1.10)^20  =  A  ≈  $1189.15

 

 

cool cool cool

CPhill  Dec 5, 2017

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