Asked by jonie
What is the present value of an investment that will be worth $9000 at the end of five years? Assume an APR of 6% compounded monthly. (Round your answers to the nearest cent.)
Answers
Answered by
Reiny
what is
9000(1.005)^-60 or 9000/(1.005)^60 ?
9000(1.005)^-60 or 9000/(1.005)^60 ?
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