# SOLUTION: Can someone help me with this problem: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. \$23,749 for 107 days; money earns 8.

Algebra ->  Algebra  -> Equations -> SOLUTION: Can someone help me with this problem: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. \$23,749 for 107 days; money earns 8.      Log On

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 Click here to see ALL problems on Equations Question 203888: Can someone help me with this problem: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. \$23,749 for 107 days; money earns 8.5%Answer by jojo14344(1512)   (Show Source): You can put this solution on YOUR website! Given: *See highlighted, since it is not given how many times it is compunded in a year, we'll based compounded annually. ---> P = \$23,187.80 (Answer) Thank you, Jojo