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P=50,000(1+0.06)-12

 Feb 15, 2016
 #1
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THIS IS A PRESENT VALUE FORMULA

 Feb 15, 2016
 #2
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P=50,000(1+0.06)-12

P=50,000(1.06)^-12

P=50,000 X 0.49697.......etc.

P=24,848.47

 Feb 15, 2016

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