SOLUTION: I have the present value formula. p=A (1+r)n p=5000 (1+4.07) p=5000 (1.05)5 p= 5000 over 1.09 5 the negative exponrient p=5000 I got stuck after that.

SOLUTION: I have the present value formula. p=A (1+r)n p=5000 (1+4.07) p=5000 (1.05)5 p= 5000 over 1.09 5 the negative exponrient p=5000 I got stuck after that.

Algebra.Com

Question 771339: I have the present value formula. p=A (1+r)n
p=5000 (1+4.07)
p=5000 (1.05)5
p= 5000 over 1.09 5 the negative exponrient
p=5000
I got stuck after that.
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
.........the present value formula

......here you can divide by , or multiply by
or
RELATED QUESTIONS
a=p(1+r/n)^nt 5000=250(1+r/4)^40 ? I don't know where to go from... (answered by jim_thompson5910)

If $5000 is deposited in an account paying 6% compounded annually how much will you have... (answered by nerdybill)

Can you help me with this question please? How many years will it take $5000 to grow... (answered by jim_thompson5910)

Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve. Find the... (answered by ikleyn)

The formula A = P(1+r)^t can be used to relate the future value A of a deposit of P... (answered by Boreal)

A company is selling raffle tickets for $4. The first prize is $3500, and the second... (answered by greenestamps)

Recall that a formula bank account earning compound interest is A=P(1+r/m)^mt - given (answered by solver91311)

For this problem find the expected value. A company is selling raffle benefit tickets... (answered by solver91311)

I think I have the answer I just need a double check: Find the present value for a $2500 (answered by solver91311)