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 ?

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Chris Bunch asked Aug 23, 2023

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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

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21 votes

i believe the answer is either 40 or 250.

Anjali Shah answered Aug 30, 2023

by Anjali Shah

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