SOLUTION: present value of $6000 if interest is 8.5% compounded quarterly for 7 years?
Algebra.Com
Question 429470: present value of $6000 if interest is 8.5% compounded quarterly for 7 years?
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
<==>
<==>
==> P = $ 3330.07
RELATED QUESTIONS
Find the present value of $27000 if the annual interest rate is 5% compounded quarterly... (answered by Alan3354)
Find the interest rate necessary for a present value of $28,955 to grow to a future value (answered by Alan3354)
Find the interest rate necessary for a present value of $28,955 to grow to a future value (answered by Alan3354)
find the value of $8000 if the annual interest 4.5 compounded quarterly for 8... (answered by mananth)
find the value of $8000 if the annual interest 4.5 compounded quarterly for 8... (answered by stanbon,MathTherapy)
Money and interest problem. Can anyone give me a hand? Thanks!
$6000 invested for 5... (answered by stanbon,303795)
If don Gecewicz invests $6000 at 7% interest compounded quarterly, find the amount after... (answered by Alan3354)
What interest will be earned if $3500 is invested for 5 years at 8% compounded... (answered by elima)
What is the accumulated value of an investment of $10,000 for 5 years at an interest rate (answered by solver91311)