document.write( "Question 356815: what is the present value of the item below?\r
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document.write( "$800 to be received 10 years from now discounted back to the present at 10 percent \n" );
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Algebra.Com's Answer #254868 by nyc_function(2741)![]() ![]() You can put this solution on YOUR website! Let P = present value of item\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "10 percent = 0.10\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "0.10P + 10 = 800\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Solve for P. \n" ); document.write( " |