SOLUTION: Find the present value of the following future amount.
$400,000 at 8% compound annually for 30 years
Algebra.Com
Question 1202664: Find the present value of the following future amount.
$400,000 at 8% compound annually for 30 years
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
Just use the PV formula and plug in the values
FV=400000
r= 8%= 0.08
n =30
=$39750.93
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