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kara won $3,000,000, which will be paid after twenty years. if the interest rate is 5% compounded annually, the present value of the amount is
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kara won $3,000,000, which will be paid after twenty years. if the interest rate is 5% compounded annually, the present value of the amount is

User Amandeep Singh
by
8.0k points

1 Answer

3 votes
I Think The Present Amount Should Be…
$8,137,926.29
(CHECK THE MATH) Be Safe Not Sorry!
Hope I Could Help!!
User Godfatherofpolka
by
8.5k points
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