Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. Hint: [See this Quick Example.] 6 years, at 5.2% per year, compounded weekly (assume 52 weeks per year) PV = $
Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. Hint: [See this Quick Example.] 6 years, at 5.2% per year, compounded weekly (assume 52 weeks per year) PV = $
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. Hint: [See this Quick Example.]
6 years, at 5.2% per year, compounded weekly (assume 52 weeks per year)
PV = $
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