SOLUTION: The present value P that will amount to A dollars in N years with interests compounded annually at an interest rate R is given by Find the present value that will amount to 50,00

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Evaluation -> SOLUTION: The present value P that will amount to A dollars in N years with interests compounded annually at an interest rate R is given by Find the present value that will amount to 50,00      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

   


Question 148628This question is from textbook
: The present value P that will amount to A dollars in N years with interests compounded annually at an interest rate R is given by
Find the present value that will amount to 50,000 in 20 years at 8% compounded annually
This question is from textbook

Answer by checkley77(12569) About Me  (Show Source):
You can put this solution on YOUR website!
p(1+r)^t
50,000(1+.08)^20
50,000(1.08)^20
50,000*4.66=$233,047.86 amount of the investment after 20 years.