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 ?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Chris Bunch asked Aug 23, 2023

413,471 views

21 votes

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 ?

Mathematics
high-school

Chris Bunch asked Aug 23, 2023

by Chris Bunch

2.6k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

21 votes

i believe the answer is either 40 or 250.

Anjali Shah answered Aug 30, 2023

by Anjali Shah

2.9k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions