SOLUTION: If money is worth 6% compounded annually, how much can be loaned now if P6000 will be repaid at the end of 8 years?

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Question 1118881: If money is worth 6% compounded annually, how much can be loaned now if P6000 will be repaid at the end of 8 years?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
If money is worth 6% compounded annually, how much can be loaned now if P6000 will be repaid at the end of 8 years?
-->P6000*(1.06)^8