Can someone please help me on this math problem I really need help and the answer because I cant figure it out.
Period is 3 months ( quarterly)
i = interest per PERIOD = .07 /4
periods = 5 yrs * 4 = 20 periods
future value = 60 000
60 000 = p ( 1+ .07/4)20 Now....can you solve for 'p' ?
Thank you soo much that is very helpful
