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Find the present value of 5934 due t years from now, using a simple annual interest rate of 2.5% .

User CroMagnon
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Final answer:

To find the present value of $5934 due t years from now, we use the formula for present value: Present Value = Future Value / (1 + Interest Rate)^t. However, we need the value of t to calculate the exact present value.

Step-by-step explanation:

To find the present value of $5934 due t years from now, we can use the formula for present value:

Present Value = Future Value / (1 + Interest Rate)t

Given that the future value is $5934 and the interest rate is 2.5%, we can substitute these values into the formula and calculate the present value:

Present Value = 5934 / (1 + 0.025)t

Since we don't have the value of t, we can't calculate the exact present value without knowing the number of years. However, this formula allows us to calculate the present value for any given value of t.

User Dcousineau
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