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Find the present value of $1,300,000 if interest is paid at a rate of 8.2% compounded monthly for 9 years. The present value is?

Find the present value of $1,300,000 if interest is paid at a rate of 8.2% compounded monthly for 9 years. The present value is?
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Find the present value of $1,300,000 if interest is paid at a rate of 8.2% compounded monthly for 9 years. The present value is?

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User Lbt
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1 Answer

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In 9 years, you will have $2,712,455.17 (see attachment for formula)
Find the present value of $1,300,000 if interest is paid at a rate of 8.2% compounded-example-1
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User Ranvijay Sachan
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