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Find the present value of the following future amount. ​$2000 at ​12% compounded annually for 25 years The present value is ​$ _____ (Round to the nearest cent as​ needed.)

Find the present value of the following future amount. ​$2000 at ​12% compounded annually for 25 years The present value is ​$ _____ (Round to the nearest cent as​ needed.)
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9 votes
Find the present value of the following future amount.

​$2000 at ​12% compounded annually for 25 years


The present value is ​$ _____

(Round to the nearest cent as​ needed.)

asked
User Kyleus
by
7.6k points

1 Answer

9 votes

Answer:

$ 39,576.93

Explanation:

answered
User Nikola Milutinovic
by
7.7k points
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