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Help me on this math question please
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1 vote
Help me on this math question please

Help me on this math question please-example-1
User Adam Waring
by
8.7k points

1 Answer

4 votes

Explanation:

FV = P (1+i)^n divide both sides by (1+i)^n

FV / (1+i)^n = P now just plug in the given numbers :

$1250 / (1+.05)^10 = P = $767.39

User Dom DaFonte
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8.3k points
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