SOLUTION: Find the present value of the following future amount.
$7000 at 10% compounded annually for 15 years
Algebra.Com
Question 1140254: Find the present value of the following future amount.
$7000 at 10% compounded annually for 15 years
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
The initial amount, multiplied by the growth factor 1.10 15 times, yields a future value of $7000:
Use a calculator....
RELATED QUESTIONS
Find the amount (future value) to which the following deposit will grow
$1100 at 9%... (answered by LinnW)
Find the present value of the following future amount.
$400,000 at 8% compound annually... (answered by mananth)
5-1B. (Compound interest) To what amount will the following investments accumulate?
a.... (answered by rfer)
Find the present value and future value of quarterly payments of 5,000 pesos for 10 years (answered by Shin123,ikleyn)
5-1A. (Compound interest) To what amount will the following investments accumulate?
a.... (answered by solver91311)
what is the present value of $500,000 at 11% compounded annually for 10 years (answered by ewatrrr)
Please help!
$1500 deposited at the beginning of each year for 15 years at 5% compounded (answered by rfer)
Find the future value of the following ordinary annuities. Payments are made and interest (answered by ikleyn)
Find and interpret the future value of the given amount..... $7300 at 7% compounded... (answered by Alan3354)