SOLUTION: An investment earns 0.06% per week and is worth $17,000 after 15 weeks.
Find the present value PV of the given investment
Algebra ->
Test
-> SOLUTION: An investment earns 0.06% per week and is worth $17,000 after 15 weeks.
Find the present value PV of the given investment
Log On
Question 1109849: An investment earns 0.06% per week and is worth $17,000 after 15 weeks.
Find the present value PV of the given investment Answer by jorel1380(3719) (Show Source):
You can put this solution on YOUR website! 17000=PV(1+.0006)^15
ln 17000=ln PV+ln 1.0006^15=ln PV + 15 ln 1.0006
ln PV= 9.7319713219588388991400890271165
PV=e^9.7319713219588388991400890271165=$16847.73
☺☺☺☺
