SOLUTION: Find the present value of the given future payment at the specified interest rate.
​$4000 due in 30 years at 5​% compounded annually
Algebra.Com
Question 1083411: Find the present value of the given future payment at the specified interest rate.
$4000 due in 30 years at 5% compounded annually
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
4000=x(1.05)^30
x=4000/(1.05)^30=$925.51
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