document.write( "Question 1087643: Find the principal needed now to get the given amount, that is, find the present value.\r
\n" ); document.write( "\n" ); document.write( "To get $500 after 3 years at 5% compounded quarterly\r
\n" ); document.write( "\n" ); document.write( "The present value of $500 is $? \n" ); document.write( "

Algebra.Com's Answer #701974 by rfer(16322) $\"\"$ $\"About$

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500=x(1.0125)^(4*3)
\n" ); document.write( "500=x(1.161)
\n" ); document.write( "500/1.161=x
\n" ); document.write( "x=$431 \n" ); document.write( "

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