Question
Find how much must be deposited now (present value) at % simple interest so that in 6 years an account will contain $8958 (future value).
present value = $
WHAT FORMULA DO I NEED TO USE TO HELP ME SOLVE THE PROBLEM?
present value = $
WHAT FORMULA DO I NEED TO USE TO HELP ME SOLVE THE PROBLEM?
Answers
Po = Pt / (1 + r*t).
All symbols or abbeviations are the same as previously sent.
All symbols or abbeviations are the same as previously sent.
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