SOLUTION: Please help. Present value. The present value P that will amount to A dollars in n years with interest compounded annually at annual interest rater, is given by P = A(1 + r) ^

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: Please help. Present value. The present value P that will amount to A dollars in n years with interest compounded annually at annual interest rater, is given by P = A(1 + r) ^      Log On


   

Question 146371: Please help.
Present value. The present value P that will amount to A dollars in n years with interest compounded annually at annual interest rater, is given by P = A(1 + r) ^-n
Answer by stanbon(75887) About Me  (Show Source):
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The present value P that will amount to A dollars in n years with interest compounded annually at annual interest rater, is given by P = A(1 + r) ^-n
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No, the form is P = A(1+r)^n
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The full form is P(t) = A(1+(r/n))^(nt), where n is the
number of compoundings per year and t is the number of years.
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Cheers,
Stan H.