An investment will pay $18,219 in 16 years. If the interest rate is 11.09%, how much is it worth today? (Round to 2 decimal places.)

Leopik asked Jul 1, 2023

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Leopik asked Jul 1, 2023

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25 votes

18219 * (1 + 11.09%)^16 = ?

18219 * (1.1109)^16 = ?

? = 18224.380213

ANSWER = $18224.38

Jacs answered Jul 6, 2023

by Jacs

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