SOLUTION: An investment earns 2% per year and is worth $10,000 after 5 years. Find the present value of the investment. (Round your answer to the nearest cent.)
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Question 322417: An investment earns 2% per year and is worth $10,000 after 5 years. Find the present value of the investment. (Round your answer to the nearest cent.)
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
10,000(1+.02)^5
10,000(1.02)^5
10,000*1.104=$11,040.81 ans.
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