document.write( "Question 429470: present value of $6000 if interest is 8.5% compounded quarterly for 7 years? \n" ); document.write( "
Algebra.Com's Answer #298273 by robertb(5830)\"\" \"About 
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\n" ); document.write( "\"F+=+P%281%2Br%2Fn%29%5E%28nt%29\"\r
\n" ); document.write( "\n" ); document.write( "\"6000+=+P%281%2B0.085%2F4%29%5E%284%2A7%29\"
\n" ); document.write( "<==> \"6000+=+P%281.02125%29%5E28\"
\n" ); document.write( "<==> \"6000%281.02125%29%5E%28-28%29+=+P\"
\n" ); document.write( "==> P = $ 3330.07
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