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Calculate the present value. (Round your answer to two decimal places.) A = $40,000, r = 7% compounded monthly, t = 6 years

Calculate the present value. (Round your answer to two decimal places.) A = $40,000, r = 7% compounded monthly, t = 6 years
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Calculate the present value. (Round your answer to two decimal places.)

A = $40,000, r = 7% compounded monthly, t = 6 years

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User RzR
by
7.3k points

1 Answer

6 votes
26313.96 A=p(1+(r/n))^(nt) 40000=p(1+(.07/12))^72
answered
User Brandee
by
8.5k points
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