SOLUTION: Find the present value of $3,000 in 10 years at 2% simple interest

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Question 1139782: Find the present value of $3,000 in 10 years at 2% simple interest
Found 2 solutions by josmiceli, MathTherapy:
Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!





$3,600
OK

Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

Find the present value of $3,000 in 10 years at 2% simple interest
If you're asking for the PV of a FV amount of $3,000, 10 years from now, at a simple interest rate of 2%, then CORRECT answer is:   

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