Asked by Anna

How would I find the formula for these problems? Please help me.. I would really appreciate it.. thank you

Calculate the present value of the following:
$7,000 in 5 years at an annual discount rate of 6%

$7,000 in 5 years at a semiannual discount rate of 6%

$7,000 in 5 years at a quarterly discount rate of 6%

$7,000 in 6 years at an annual discount rate of 6%

Please help me... thank you
Answered by Anna
can someone please show me an easy formula for these problems?
Answered by Destiney
The formula I'd use is: FV = PV(1+i)^n, where

FV = future value
PV = present value
i = interest rate per period
n = number of periods
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