Question 1139580
{{{ A = A[0]*( 1 + r/n )^(n*t) }}}
{{{ 100000 = A[0]*( 1 + .024/12 )^(12*25) }}}
{{{ 100000 = A[0]*1.002^300 }}}
{{{ 100000 = A[0]*1.8210273 }}}
{{{ A[0] = 54914.06 }}}
The present value is $54,914.06
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check:
{{{ 54914.06*1.8210273 = 99999.99936 }}}
error due to rounding off
OK