Questions on Algebra in Finance answered by real tutors!

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Question 167896: can someone help please:
Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.
$15,000 for 110 days; money earns 8%: can someone help please:
Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.
$15,000 for 110 days; money earns 8%
Answer by checkley77(3848) About Me  (Show Source):
You can put this solution on YOUR website!
15,000(1+.08*110/365)^110/365
15,000(1.0241)^.30137
15,000*1.0072=$15,108.04 ANS.