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Interest rate is 3% and total of 4370.91 will be paid to you at the end of 3 years shat us the present value of that sum
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Interest rate is 3% and total of 4370.91 will be paid to you at the end of 3 years shat us the present value of that sum

User Kaspar Kjeldsen
by
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1 Answer

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$4000
1st. yr. 4000+3%=4120
2nd. yr. 4120+3%=4243.6
3rd. yr. 4243+3%=4370.91
User Sadra
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