SOLUTION: To get $5600 after 3 years at 6% compounded annually
Algebra.Com
Question 868282: To get $5600 after 3 years at 6% compounded annually
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
To get $5600 after 3 years at 6% compounded annually
-------------
FV = PV*1.06^3
5600 = PV*1.06^3
PV = 5600/(1.06^3)
PV =~ $4701.87
RELATED QUESTIONS
To get $5600 after 11 years at 12% compounded... (answered by Alan3354)
At what interest rate must $5600 be compounded annually to equal $13,057.18 after 11 yr?
(answered by greenestamps)
At what interest rate must $5600 be compounded annually to equal $8687.44 after 9 yr?... (answered by stanbon)
Find the present value. Round to the nearest cent, To get $10,500 after 8 years at 10%... (answered by Boreal)
$11,000 is invested at 6% compounded annually. How much money is in the account after 3... (answered by ewatrrr)
How much would $140 invested at 6% interest compounded annually be worth after 15... (answered by checkley77)
How much would $200 invested at 6% interest compounded annually be worth after 5 years... (answered by checkley79)
What is $22,000 compounded annually at 6% would equal after three... (answered by rfer)
Find the present value of $5600 to be compounded at 7% for 9... (answered by ariverajr)