Register

Find the principal needed now to get the given amount; that is, find the present value. To get $100 after 4 years at 10% compounded monthly. The present value of $100 is ?

Find the principal needed now to get the given amount; that is, find the present value. To get $100 after 4 years at 10% compounded monthly. The present value of $100 is ?
asked 45.4k views
1 vote
Find the principal needed now to get the given amount; that is, find the present value.

To get $100 after 4 years at 10% compounded monthly.
The present value of $100 is ?

asked
User DrWaky
by
8.0k points

1 Answer

6 votes
i believe the answer is either 40 or 250.
answered
User Glevine
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!